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China other teapots' run rate steadied at 53.07%

According to JLC statistics from 41 Shandong independent refineries, up to December 6th, 2017, the CDU run rate was 68.87%, up 0.24 percentage points week on week as Wudi Xinyue Petrochemica

December 11, 2017

Fuel oil vessels' freight is going up for more shipping demand

In November, the prevailing freight of 3,000 dwt fuel oil vessel from Dalian to Zhoushan settled at CNY120-130/mt, CNY180-190/mt from Dalian to Huangpu, an increase of CNY30/mt under bullish

December 11, 2017

Oil product retail prices likely to nudge downwards in December

On December 28th, the last adjustment time in the year, oil product retail prices are may be trimmed as weakness in international crude oil prices are seen to persist.

December 11, 2017

Bunker oil blending profits widen on softening feedstock prices

Blending cost for low sulfur & low metal 180 CST bunker oil dropped by CNY80/mt to CNY3,198/mt, while theoretical profits for bunker oil blending widened by CNY51/mt to CNY276/mt.

December 11, 2017

China fuel oil AP rose 15.69% MoM to 2.6288 million mt in October

China fuel oil AP rose 15.69% MoM to 2.6288 million mt in October

December 11, 2017

China MTBE market remains muted on lackluster oil blending interest

Though C4R2 price could inch higher in the subsequent market, it is hard to offset negative effects from the gasoline market. Many MTBE plants cut production or shut down to fend off losses,

December 11, 2017

Sinopec & PetroChina asphalt output increased YoY

China domestic asphalt apparent consumption read 25.8493 million mt in 2017, up 5% year on year. The imports read 4.3365 million mt, down 6% year on year. The output read 21.7899 million mt,

December 08, 2017

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