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China LPG import in 2016

China imported 16.125 million mt LPG totally in 2016, up 33.4% from 2015 due to great rigid demand from traditional fuel market and capacity expansion of alkane deep processing industry.

February 20, 2017

Diesel import arbitrage shrank to CNY191/mt in South China

In February 1st-15th, 2017, the import profit of Singapore gasoline in South China was average at –CNY980/mt, with losses increasing CNY334/mt against January; diesel import profit pegged

February 20, 2017

Naphtha imports may continue to increase in 2017

According to the data, the total naphtha imports in 2016 was 6.6993 million mt, up by 0.78% on-year

February 20, 2017

Oman crude margins plunges to CNY59/mt

This week, based on the settlement price CNY3,850/mt of light marine crude (density: 0.88-0.90) at Shandong market on February 8th, the theoretical processing profits of teapots were –CNY1

February 20, 2017

Shangdong LPG market fails to recover as expected

During the Spring Festival holiday (January 27th-Februray 3rd), LPG price dropped to record low in Shandong because local plants cut the prices to lower inventories.

February 20, 2017

Shandong ports oil inventory hiked on more cargos

The data from JLC showed in Shandong the coastal ports’ crude oil and fuel oil commercial inventory went up from the low level, and on February 16th the total stocks in Qingdao, Longkou, L

February 17, 2017

Teapot run rate lowers on Landbridge shutdown

According to JLC statistics from 41 Shandong teapots, up to February 15th, 2017, the CDU run rate inched down 0.25 percentage points WoW to 55.86%.

February 17, 2017

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