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China tax levy on LCO, MA to hit low-quality products, ease glut

Beijing (JLC), May 19, 2021--China’s levy of consumption tax on light cycle oil (LCO) and mixed aromatics (MA) will lead to a sharp decline in cheap low-quality product supply and help eas

May 19, 2021

INE crude extends gains on economic reopening in Europe

Guangzhou (JLC), May 18, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) rose further on Tuesday, as optimism over the reopening of European economies ou

May 18, 2021

Independent Shenghong to start up new refinery in Q4

Beijing (JLC), May 18, 2021--China’s independent Shenghong Group plans to start trial run on its 320,000 bbl/day refinery at Lianyungang, eastern Jiangsu province in the fourth quarter, th

May 18, 2021

INE crude rallies as China’s economy keeps rising, US fuel curbs linger

Guangzhou (JLC), May 17, 2021--The price of crude futures on the Shanghai International Energy Exchange (INE) rebounded on Monday, in light of continued growth of China’s economy and linge

May 17, 2021

Sinopec Maoming’s crude runs reach 467 mln mt since its startup

Beijing (JLC), May 17, 2021--Sinopec Maoming Petrochemical Company has collectively processed more than 460 mln mt of crude oil since it was established 66 years ago.

May 17, 2021

China tax levy on MA, LCO to hit imports, affect product balance

Beijing (JLC), May 17, 2021--China will soon begin to levy consumption tax on mixed aromatics (MA) and light cycle oil (LCO) imports, expected to slash China’s imports of the two blendstoc

May 17, 2021

Shandong etherified butane prices slump in May

Beijing (JLC), May 17, 2021--Etherified butane prices were on the downswing in Shandong, as a result of ample supply and soft demand.

May 17, 2021

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