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Refined product retail prices would obtain the largest increases in 2017

International crude oil price rose noticeably recently as Saudi Arabia and Russia declared their supports for extending output cut deal and Saudi surrounding political events provided bullis

November 10, 2017

Shengli crude refining profit increased by CNY140//mt to CNY601/mt

The theoretical processing light offshore crude profit of independent refineries reached CNY531/mt, up CNY160/mt week on week as refined products’ sales revenue increased greatly amid the

November 10, 2017

Shandong teapots' run rate increased by 2 percentage points WoW to 67.33%

According to JLC statistics from 41 Shandong independent refineries, up to November 8th, 2017, the CDU run rate was 67.33%, up 2 percentage points week on week as some refineries’ CDU bega

November 10, 2017

More PDH units are expected to be built in China

During Donald Trump’s visit to China, Honeywell announced to sign two agreements with its Chinese partners on November 8th to help promote development of petroleum & natural gas and aviati

November 10, 2017

LPG output of Sinochem Quanzhou will decline amid maintenance

Another big refinery in South China-Sinochem Quanzhou Petrochemical is scheduled to conduct 40-day maintenance from December 3rd. During the maintenance, LPG supply at local market will fall

November 09, 2017

Dongying Hualian was preliminarily qualified for using import crude oil 1.7 million mt

China Petroleum and Chemical Industry Federation (CPCIF) claimed on November 6th that Dongying Hualian Petrochemical was preliminarily qualified for using import crude oil 1.7 million mt/yr.

November 07, 2017

Petroleum resin exports decline amid limited supply in Sep

According to General Administration of Customs of the PRC, in January-September 2017, China imported petroleum resin of about 44,600 mt, down 27.81% year on year

November 06, 2017

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