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Qinzhou Port posts an almost 20% YoY drop in imported coal value

In 2014, China’s Qinzhou Port imported 153 lots of coal, a yearly slump of 48.83%. It included 4.7686 million mt in volume with a yearly drop of 6.63%, and was valued at $297 million, slid

January 22, 2015

Propane, butane markets still at downside risk despite a prompt rally

China propane and butane markets have maintained weakness since the start of 2015, owing to concerns about flagging international crude oil prices.

January 22, 2015

Feed gas deep processing rate drops amid slow demand for oil blending feedstock

Since the start of 2015, operation rate for alkylation and aromatization deep processing units, which use MTBE as feedstock, has dropped sharply.

January 22, 2015

Shandong teapots run rate fell to 30%, even filing for bankruptcy

Shandong teapots suffered great loss with run rate falling to 30%, and some teapots in Rizhao and Kenli filed for bankruptcy. This week crude oil price fell to $46/bbl, causing oil product a

January 22, 2015

China first overseas refining project into commercial operation

Sinopec announced on January 20th that its joint venture with Saudi Aramco, Yanbu Aramco Sinopec Refining Co (YASREF), initiated the loading of diesel at the volume of 300,000 mt.

January 21, 2015

LPG demand gains in Shandong as gas deep processing rate rebounds

Up to January 19th, overall LPG processing rate in the region had rebounded to 29.23%l, up by 0.05 percentage points from a week earlier.

January 21, 2015

China gasoline demand jumped with increasing auto sales

As a whole, in 2014 China gasoline demand raised beyond expectations as autos production and sales soared with slower growth against 2013.

January 21, 2015

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