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Offshore crude refining profit increased by CNY45/mt WoW to CNY371/mt

The theoretical processing light offshore crude profit of independent refineries reached CNY371/mt, up CNY45/mt week on week as refined products’ sales revenue continued to rise, but the i

November 06, 2017

Run rate of state-owned refineries declined to 75.33% in October

As of the end of October, the operating rate of Sinopec's and PetroChina's refineries was 75.33%, down 3.45 percentage points month on month.

November 03, 2017

Shandong teapots’ run rate move up slightly to 65.33%

According to JLC statistics from 40 Shandong independent refineries, up to November 1st, 2017, the CDU run rate was 65.33%, up 2.66 percentage point week on week.

November 02, 2017

Ordinary diesel upgrade has been brought forward to November

According to JLC, State Council of the PRC has approved the Notification on Fully Supplying Ordinary Diesel that Contains less than 10 PPM Sulfur Content around the Whole Country, which mean

November 01, 2017

Refined product market might move down amid promotions

Official statistics showed that China and US crude demands were strong in September. JMMC report said the output cut deal implementing rate of OPEC members recorded a new high in September.

October 31, 2017

New York international crude price fell on October 25th due to inventory growth

New York crude price declined on October 25th as US Energy Information Administration released a report the same day which showed that the United States national commercial crude inventory i

October 27, 2017

Jet fuel EXW price is expected to rise in Nov amid firm fundamentals

According to JLC’s estimation and calculation, during September 25th-October 24th, 2017, Singapore jet fuel price averaged $68.29/bbl, up $1.78/bbl month on month. The US-RMB exchange rate

October 26, 2017

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