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Inner Mongolia imports LPG from Russia, another strike to domestic LPG

From 2010 to H1 2016, Xinjiang was the only area in Northwest China to import LPG. However, it was learned that 17.7 mt LPG from Russia reached Erenhot road port, which meant a breakthrough

July 14, 2016

Run rate of domestic DME unit drops to a record low

According to latest data from JYD, run rate of domestic DME units has dropped to 22.83%, a record low level. Successive price drop of methanol, low LPG-DME spread, and slow consumption on in

July 14, 2016

Teapots Shengli crude refining lost CNY610/mt

This week, based on settlement at CNY2,850/mt of light marine crude (density: 0.88-0.90) at Shandong market on July 13th, the theoretical loss of processing light marine crude of Shandong te

July 14, 2016

IEA warns of over reliance on Middle East in global oil supplies

According to US Financial Times on 7th July, IEA chairman Fatih Birol claimed in a interview that at present global crude oil supply was over reliance on Middle East countries such as Saudi

July 13, 2016

Exxon Mobil found large reserves Oilfield in Guyana

US oil giant Exxon Mobil Corp recently announced that large oil reserves were founded in waters near Guyana.

July 13, 2016

Binyang Chemistry restart pushes up run rate to 50.96%

According to JYD statistics from 41 Shandong teapots, up to July 13th, 2016, the CDU run rate ended up by 0.08 percent WoW to 50.96%, as CDU with 1.5 million mt/yr of Binyang Chemistry resum

July 13, 2016

COSCOL net profit suffers a drop of 98.78% in H1

In July, COSCOL released the earnings estimate in the first half year, the total operation revenue settled down by 21.79% YoY to 2.84 billion yuan, and the net profit was down by 98.87% on y

July 13, 2016

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