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Shandong slurry oil market slows down under bearish mood

After bulls, Shandong slurry oil market fell back. According to JYD, Shandong high-density (1.08-1.12) slurry oil price was transacted at CNY1,570-1,650/mt.

July 21, 2016

Refineries in Northeast China conduct maintenance intensively

It is learned from JYD that Daqing Refinery conducts about half-and-month overall maintenance from July 18, which is another regular overhaul after three years.

July 21, 2016

Run rate of domestic DME units may still be low in H2 2016

According to latest data from JYD, run rate of domestic DME unit still keeps around 20%. Methanol supply and demand in market is still sluggish.

July 21, 2016

Teapots coking refining profits increased to CNY192/mt

This week, based on settlement at CNY2,750/mt of light marine crude (density: 0.88-0.90) at Shandong market on July 20th, the theoretical loss of processing light marine crude of Shandong te

July 21, 2016

Teapots overhaul dragged down the run rate sharply

According to JYD statistics from 41 Shandong teapots, up to July 20th, 2016, the CDU run rate ended down by 2.38 percent WoW to 48.59%.

July 20, 2016

Oversupply pressed the profits of oil products

MattSmith from Clipperdata pointed out that as the China crude storage capacity is full, the crude import demand would be cut, and the international crude futures might break $40/bbl even $3

July 20, 2016

Iran government approved new oil and gas contracts

According to news from Tehran daily on 12th July, Iran vice president Jahangiri in the leadership of Economic Commission for resistance approved the new oil and gas contracts on 12th July.

July 20, 2016

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