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Shengli crude theoretical profit decreased by CNY131/mt to CNY138/mt

This week, based on the settlement price CNY3,400/mt of light offshore oil (density: 0.88-0.90) at Shandong market on August 30th, the theoretical processing profits of independent refinerie

August 31, 2017

Shandong independent refineries’ run rate is expected to increase in September

According to JLC statistics from 40 Shandong independent refineries, up to August 30th, 2017, the CDU run rate was 56.01%, down by 0.78 percentage point WoW.

August 31, 2017

The retail price adjustment is expected to be shelved on Sep 1st

Crude oil market saw bearish news recently, as OPEC crude output in July recorded a new high in 2017, some OPEC members' output cut implementing rate slipped, and the meeting held by oil-pro

August 30, 2017

China mixed aromatics import declined amid weak demand in July

According to General Administration of Customs of the PRC, China imported other mixed aromatics of 675,200 mt in July 2017, down 23.67% month on month and down 0.82% year on year.

August 30, 2017

The apparent consumption of China fuel oil fell to 2.0733 million mt in July

The apparent consumption of China fuel oil fell 461,800 mt or 18.22% month on month to 2.0733 million mt in July. From January to July, the total apparent consumption of China fuel oil reach

August 30, 2017

China's diesel exports in July have been rising for four months

According to General Administration of Customs of the PRC, China's diesel exports amounted to 1.3987 million mt in July 2017, up 6.89% month on month and down 8.80% year on year.

August 30, 2017

Naphtha supply is expected to remain tight in China

With the development of China domestic independent refineries in recent years, their sales model has also changed. The sales of some independent refineries turned more standardized.

August 30, 2017

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