Oil
OPEC output cut is not likely to expand recently, as JMMC meeting failed to provide substantial bullish news. Crude oil demand is to decline as US refineries would have turnarounds in Septem
August 25, 2017
After sliding in May and June, China’s asphalt price surged in July amid inventory decline in refineries under maintenance and stronger demand. However, above all, the market price picked
August 24, 2017
This week, based on the settlement price CNY3,400/mt of light offshore oil (density: 0.88-0.90) at Shandong market on August 23rd, the theoretical processing profits of independent refinerie
August 24, 2017
According to JLC statistics from 40 Shandong independent refineries, up to August 23rd, 2017, the CDU run rate was 56.79%, down 1.75 percentage points.
August 24, 2017
Gross margins of LPG importers in early and middle August averaged at CNY220/mt. August CP rose and CIF cost of imported LPG averaged at CNY3,500/mt.
August 23, 2017
Foreign media revealed on August 22nd that the ministerial committee of OPEC and non-OPEC countries suggested holding conference in Vienna on September 22nd. The conference date was temporar
August 23, 2017
Alkylate market trading remained flat due to domestic bearish sentiment. Some producers began to cut offers to promote sales due to sales pressure. Transaction price started to fall.
August 23, 2017
