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MTBE was dragged down by a series of unfavorable factors

MTBE market recorded a rise of CNY800/mt within two weeks since March. But MTBE changed upward trend and started to slump since this week ending March 16th,2016.

March 17, 2016

Singapore diesel import arbitrage slid to CNY540/mt

In March 1st-15th, 2016, Singapore gasoline import profit in South China was average at –CNY78/mt, decreasing CNY373/mt against February

March 17, 2016

Hualong restart supported the run rate to 53.47%

According to JYD statistics from 41 Shandong teapots, up to March 16th, 2016, the CDU run rate grew by 2.07 percent against the previous week to 53.47% as Dongfang Hualong restarted this wee

March 17, 2016

M100 refining loss surged to CNY271/mt

This week, based on CNY2,950/mt of Russia M100 spot ex-terminal barge price at Shandong market on March 16th, 2016, the loss of processing imported straight-run oil at Shandong teapots incre

March 16, 2016

PetroChina to be the first batch of SOE reform pilots

Recently, state-owned enterprises reforms are in full swing and PetroChina reform moves further. It’s reported that PetroChina would be one of the first batch of state-owned enterprises

March 16, 2016

China crude run in January & February rose by 4.6%

China's National Bureau of Statistics has just released the data that in January and February the refineries processed crude 87.08 million mt, or 10.59 million barrels, increasing 4.6% YoY.

March 16, 2016

Oil product consumption tax reform is looming

Since middle and late February, crude oil price fluctuated to be upward, and Brent broke $40/bbl. Bu the crude average price in ten working days was below $40/bbl, so the domestic oil produc

March 16, 2016

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