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Singapore gasoline import loss imposed at CNY533/mt

According to JYD, import loss of Singapore gasoline for South China-based importers aggravated to CNY285/mt on average during August 1st-31st, up by CNY113/mt MoM.

September 07, 2015

China Oil Product Retail Adjustment by NDRC on September 1st

According to National Development and Reform Commission (NDRC), on September 1st(24:00) the gasoline and diesel prices were cut by CNY125/mt and CNY120/mt respectively, to CNY6,325/mt and CN

September 02, 2015

Margins of main refiners slid after oil products plummet

Bearish sentiment, such as output increase of OPEC and US, the end of gasoline seasonal demand, RMB exchange rate reform and worries about crude demand of China, hit the crude price sharply.

August 28, 2015

China macro tax bearing rate 37% whether is too high?

According to CICC report, China macro tax bearing rate was as high as 37% in 2014, far beyond the rates of advanced countries which were averaged between 30%-35%.

August 28, 2015

Guangdong teapots run rate fell to 3.02% amid one-month overhaul of Zhuhai Baota

According to JYD statistics from 37 Shandong teapots, up to August 26th, CDU run rate ended up by 0.06 percent to 37.72%.

August 26, 2015

China grants 4 independent refiners rights to import crude

Recently, China's Ministry of Commerce claimed that,it granted 4 independent refiners licenses to directly import crude oiloutside of the state-owned sector, including Shandong Dongming Petr

August 26, 2015

New low comes to August PMI initial value

China August manufacture PMI initial value was 47.1, lower than predicted 48.2 and previous value 47.8, consecutively hovering below threshold 50.0 for 6 months, beating new bottom since Mar

August 24, 2015

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