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Propane, butane markets still at downside risk despite a prompt rally

China propane and butane markets have maintained weakness since the start of 2015, owing to concerns about flagging international crude oil prices.

January 22, 2015

Feed gas deep processing rate drops amid slow demand for oil blending feedstock

Since the start of 2015, operation rate for alkylation and aromatization deep processing units, which use MTBE as feedstock, has dropped sharply.

January 22, 2015

Shandong teapots run rate fell to 30%, even filing for bankruptcy

Shandong teapots suffered great loss with run rate falling to 30%, and some teapots in Rizhao and Kenli filed for bankruptcy. This week crude oil price fell to $46/bbl, causing oil product a

January 22, 2015

China first overseas refining project into commercial operation

Sinopec announced on January 20th that its joint venture with Saudi Aramco, Yanbu Aramco Sinopec Refining Co (YASREF), initiated the loading of diesel at the volume of 300,000 mt.

January 21, 2015

Lower run rate of deep processing plants triggered by weak demand for blended oil feedstock

Dampened by weak price of international crude oil, transactions in China gasoline and diesel markets shrunk repeatedly, followed by a slump in the feedstock demand for blended oil.

January 21, 2015

LPG demand gains in Shandong as gas deep processing rate rebounds

Up to January 19th, overall LPG processing rate in the region had rebounded to 29.23%l, up by 0.05 percentage points from a week earlier.

January 21, 2015

China gasoline demand jumped with increasing auto sales

As a whole, in 2014 China gasoline demand raised beyond expectations as autos production and sales soared with slower growth against 2013.

January 21, 2015

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