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Notification: Vehicle and Vessel Tax Preferential Policy about using new-power vehicles and vessels

This notification goes in effected since the released date.

May 21, 2015

Shengli crude loss in Shandong teapots shrunk to CNY86/mt

This week, based on CNY4,450/mt of Russia M100 spot ex-stockpile price in Shandong market, lower downstream products’ prices and slower sales compounded the loss of processing imported str

May 20, 2015

Margin supported the run rate in Shandong teapots to 46.81%

According to JYD statistics from 36 Shandong teapots, up to May 20th, CDU run rate slid slightly to 46.81%. a drop of 0.4% WoW amid the considerable margin of teapot within expected range de

May 20, 2015

Sinopec and BP will set up a joint venture

Sinopec Fuel Oil Sales Co. and BP will establish a joint venture “BP & Sinopec Bunker Fuel Oil” and each owns half the shares.

May 20, 2015

Singapore gasoline import imposed a maximum margin of CNY903/mt

According to JYD, import margin of Singapore gasoline for South China-based importers soared to CNY758/mt on average during May 4th-18th, the biggest margin to CNY903/mt. At the same time, g

May 20, 2015

Bunker market is trapped except 4# bunker

According to JYD, due to shrinking consumption, slower sales, insipid end demand and weakened coastal bulk cargo transportation, bunker market is met with an awkward situation nowadays.

May 19, 2015

Analysis for DME Arbitrage in May 15th-19th

Downstream mostly took wait-and-see attitude in purchasing due to weak demand and inventory pressure. DME producers are still in lack of profit because of high-cost feedstock

May 18, 2015

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