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Shengli crude refining profit increased by CNY171/mt WoW to CNY477/mt

The theoretical processing light offshore crude profit of independent refineries reached CNY351/mt, up CNY114/mt week on week as downstream product price gain kept high this week, although l

September 30, 2017

Shandong teapots kept high run rate with the approaching of National Day holiday

According to JLC statistics from 40 Shandong independent refineries, up to September 27th, 2017, the CDU run rate rose to 64.37%, up 0.67 percentage point week on week, as Yongxin Chemical i

September 28, 2017

LPG market forecasts before the National Day holiday

Domestic LPG prices rose before the National Day holiday (October 1st-October 8th) as international LPG spot prices surged. October CP for propane and butane is expected to stay at $556/mt a

September 28, 2017

Propane market performed well in Q3 2017

Seen from the above chart, propane price rose gradually in Q3 2017, different with the down-then-up movement in 2016.

September 28, 2017

CNOOC Huizhou Phase II project operated

Important petrochemical projects during 12th-Five-Year Plan, phase II 22 million mt/yr refining extension project and 1.2 million mt/yr ethylene project of CNOOC Huizhou is built on the basi

September 28, 2017

C5 plant run rate remained stable at 27%

According to JLC’s monitoring on 12 major state-owned refineries, their C5 plant run rate remained stable at 27% in the week ended September 22nd.

September 27, 2017

Dongfang Hualong, Qicheng and Dalian Jinyuan were granted crude permissible import amount

Ministry of Commerce of the PRC claimed on September 12th that Shandong Dongfang Hualong Group, Shandong Qicheng Petrochemical and Dalian Jinyuan Petrochemical’s applications for the non-s

September 26, 2017

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