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Deep processing plants get good profit amid rapid price drop of feed gas

In June 24th-June 30th, profit of olefin deep processing was fine with gross profit of each kind of unit moving up slightly. According to JYD, profit of alkylation unit averaged CNY298/mt, u

July 01, 2016

China LPG import & export both slip in May

China LPG import volume totals 1.3742 million mt in May 2016, down from April. Demand in traditional combustion sector declines in summer, therefore total LPG import volume in the second qua

July 01, 2016

Strike in Norway pushed oil prices

According to news from RIA Novosti on 28th June, under the background of Norway Strike, international oil prices started lifted. The strike might lead to a mining interruption of Western Eur

June 30, 2016

Oman crude refining profits rose to CNY149/mt

This week, based on settlement at CNY2,950/mt of light marine crude (density: 0.88-0.90) at Shandong market on June 29th, the theoretical loss of processing light marine crude of Shandong te

June 30, 2016

Multiple bullish-bearish factors maintained low biodiesel imports

In May 2016, domestic biodiesel market demand remained depression and importers were scarce into operation, which led to a low level of Biodiesel imports.

June 30, 2016

China becomes the largest export market for Iran petrochemicals

The Iranian media reported that, about half of Iran petrochemical products were exported to China, so China became the largest export market for Iran petrochemical industries.

June 30, 2016

Adequate inventory in ports caused less imports of BTX aromatics

According to data released by General Administration of Customs of PRC, China imported 1.2062million mt BTX aromatics in May 2016, down 23.3% MoM and surged 252.79% YoY; from January to May,

June 30, 2016

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