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China fuel oil imports gave way; Singapore was the main origin

In October, China imported fuel oil 793,400 mt decreasing 340,500 mt MoM or 30.03%.

November 30, 2017

Refined product market might rangebound at the end of Nov

Sources said that OPEC had drew up new output cut agreement outline with Russia to extend the output cut period to the end of 2018 and such news would be declared formally at the meeting hel

November 30, 2017

Ethylene unit of Huizhou Refinery conducted hot commissioning successfully

Newly-built CDU unit of CNOOC Huizhou Refinery Phase II conducted commissioning on October 2nd, 2017. Source from the refinery said that the 1.2 million ethylene unit, the largest single uni

November 29, 2017

LPG market is to be boosted by short natural gas supply and high natural gas price

From the end of June, China domestic LPG market rebounded amid rising crude oil price, increasing demand and surging international LPG price. In September 2017, LPG price was higher than the

November 29, 2017

MoC: fuel oil import amount for non state-owned trade is 16.2 million mt in 2018

In 2018, the import amount of non state-owned trade in fuel oil (hereinafter referred to as fuel oil import amount) is 16.2 million mt.

November 29, 2017

Jet fuel EXW price is expected to rise amid tight supply

According to JLC, during the period from October 25th, 2017 to November 24th, 2017, Singapore jet fuel price averaged $73.13/bbl, up $4.84/bbl month on month.

November 28, 2017

MTBE profit remained low amid higher feedstock price

China domestic MTBE price rose slightly by CNY50/mt during the week ended November 24th. However, feedstock C4 Raffinate-2 price kept rising, leading to high cost of MTBE production.

November 27, 2017

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