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January to May midland export increase sharply

From January to May, export increased sharply in most midland regions

July 07, 2015

China June official manufacture PMI was 50.2

In June, 2015, China manufacture PMI was 50.2%, equal to May’s, higher than critical point for consecutive four months with small continuous increase of manufacture industry.

July 07, 2015

LPG retail price declines

Domestic LPG retail prices edged down amid sluggish crude market. In addition, end users reduced frequency of replenishment in summer, a slack season of LPG.

July 03, 2015

Construction on the China section of the East Route pipeline

Construction started on the China section of the East Route pipeline is believed to bring more business to gas pipeline producers.

July 02, 2015

Crude imports in May declined

According to China Customs, crude imports in May settled at 23.24 million mt, down by 23.3% MoM, 10.9% YoY. Crude exports moved down 70.5% MoM to 130,000 mt.

June 30, 2015

Russia might be the second crude supplier for China stably

In May 2015, Russia surpassing Saudi Arabia became the top crude import source for China for the first time. In May, China imported crude 3.92 million mt from Russia, up by 32.9% YoY.

June 30, 2015

Sales margin of distillates breached CNY1,000/mt

Since mid-May, wholesale prices of distillates slipped following crude price. However, the retail price experienced stranding for two times and moderate cut for one time, which enlarged the

June 26, 2015

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