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Dimethyl ether supply during the military parade

As the Hebei provincial government issued Hebei Air Quality Protection Scheme for the 70th Anniversary of the Success of China's Resistance War Against Japanese Aggression and Anti-fascist l

August 28, 2015

Phase II of Chinese crude strategic reserve is speeding up

According to the data from China's General Administration of Customs, in July the import volume of crude settled at 30.71 million mt, the largest monthly volume, an increase of 4.1% MoM and

August 28, 2015

LPG supply increases in August

According to JYD, LPG output in August reached 1,940,000mt, up 2.64% month on month and 1.56% year on year.

August 28, 2015

Crude rally still has great possibility

Fast withdrawing of speculative capital built crude at $40/bbl in 2014. Comparing with that, speculative capital now is holding the large-scale position. Statistics shows position closing st

August 28, 2015

Margins of main refiners slid after oil products plummet

Bearish sentiment, such as output increase of OPEC and US, the end of gasoline seasonal demand, RMB exchange rate reform and worries about crude demand of China, hit the crude price sharply.

August 28, 2015

China macro tax bearing rate 37% whether is too high?

According to CICC report, China macro tax bearing rate was as high as 37% in 2014, far beyond the rates of advanced countries which were averaged between 30%-35%.

August 28, 2015

Loss of processing M100 aggravated to CNY900/mt amid market downturn

This week, based on CNY3,900/mt of Russia M100 spot ex-terminal barge price at Shandong market on August 26th, the loss of processing imported straight-run oil at Shandong teapots edged up t

August 27, 2015

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