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Sinopec Jinling successfully processes US Gulf crude for the first time

According to JYD, Jinling Petrochemical II CDU had successfully processed the US Gulf crude for the first time, which provided new channel for the crude resources. US Gulf crude is high-sulf

May 27, 2016

Sinopec Yangzi residue oil tank exploded

According to JYD, on May 26th, vacuum residue oil tank of Nanjing Yangzi Petrochemical burst, and the open flames had been put out.

May 27, 2016

Ningbo Daxie new units operation in mid-to-late June

According to JYD, in order to expand the enterprise’s scale, Ningbo Daxie Petrochemical invested 14 billion yuan on construction of catalytic cracking unit with 2.2 million mt/yr

May 27, 2016

Deep processing plants run at low profit

In May 19th-May 26th, profit of olefin deep processing unit shrank slightly and kept at ideal level.

May 27, 2016

Shandong teapots jointly march into oil products retail market

Recently, Shandong Petrochemical registered a new brand of petrol station—Zhongan Petroleum, in order to integrate 6,000 private petrol stations in Shandong, branding the carrier for the l

May 27, 2016

Crude oil price undergoes V-shape trend; LPG price fails to rebound currently

International crude oil price once dropped below $30/bbl since October 2015, which depressed market participants greatly.

May 26, 2016

Refinery operating rate in North China was significantly higher than in South

According to JYD, there were 16 of 23 refineries went into operation. As of 25th May, teapots operating rate was 51.26%. 3 of 7 shut down refineries were in South China, refinery operating r

May 26, 2016

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