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China will cut down subsidies to shale gas

According to the Financial Times, China has announced to cut down subsidies to shale gas exploitation, which will further reduce China’s competitive edge to its US counterpart in competiti

April 30, 2015

The State Council: speeding up upgrading of oil products quality

Prime Minister Li Keqiang presided over the executive meeting of the State Council on April 28th, 2015.

April 30, 2015

Coking margin in Shandong teapots continued to go up to CNY25/mt

This week, based on CNY4,350/mt of Russia M100 spot ex-stockpile price at Shandong market, the loss of processing imported straight-run oil at Shandong teapots was CNY520/mt, CNY21/mt fall W

April 30, 2015

Shandong teapots run rate was steady at 43.31%

According to JYD statistics from 36 Shandong teapots, up to April 29th, CDU run rate ended down0.6% to 43.31%WoWamid CDU overhaul of Binyang Chemistry. In addition, due to consecutive rally

April 30, 2015

Gas price edged up on account to monthly settlement

Aaron Calder, a natural gas analyst said the price of natural gas showed an upward trend by the close of trading on April 28th.

April 29, 2015

April domestic LPG supply decreases MoM

As of May, Yan’an Refinery is expected to recover production in early May. Liaohe Petrochemical is to end maintenance in end May. Jilin Petrochemical plans to start an overall turnaround i

April 29, 2015

New-normal in Shandong LPG market

Before 27th April, as much as RMB1250 difference price showed up between residential LPG and feed gas in Shandong. Furthermore, feed gas market is much more active in transaction.

April 29, 2015

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