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MTBE remained upward amid crude oil market soaring

On August 9th, domestic MTBE remained upward and the trading atmosphere was acceptable. Currently, the mainstream purchase price of high purity low-sulfur MTBE in Shandong is CNY4,750/mt, wh

August 12, 2016

China’s crude oil imports hit a record high in H1 2016

According to data released by the General Administration of Customs of PRC, China imported 186.5million mt crude oil in H1 2016 which hit a record high. Raised 23.15million mt or 14.2% YoY.

August 11, 2016

China teapots favor crude from Middle East instead of Russia

Energy Aspects said, in July China independent refiners imported crude positively, from 0.95 million barrels per day in June to 1 million barrels per day, far less than the peak in April and

August 11, 2016

Shandong Qingyuan is granted to use import crude 4.04 mln/yr

National Development Reform Commission (NDRC) released on August 5th that after China Petroleum and Chemical Industry Federation (CPCIF) inspection and assessment, Shandong Qingyuan Petroche

August 11, 2016

Shandong ports oil inventory rallied amid overhaul season

The data from JYD showed that the coastal crude and commercial fuel oil inventory rallied against the previous week, and on August 11th the total stocks in Qingdao, Longkou, Laizhou and Rizh

August 11, 2016

Teapots Shengli crude refining saw the losses reduction

This week, based on the settlement at CNY2,600/mt of light marine crude (density: 0.88-0.90) at Shandong market on August 3rd, the theoretical processing profits of Shandong teapots turned l

August 11, 2016

Import volume of LPG in H1 2016 soars

Data from General Administration of Customs of the PRC show that China has imported 7.8713 million mt LPG by H1 2016, up 57.6% from H1 2015. Operation quantities of importers in China all gr

August 11, 2016

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