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Shandong Dongfang Hualong Group is granted to use 3 million mt imported crude oil per year

National Development and Reform Commission (NDRC) claimed on June 28th that Shandong Dongfang Hualong Group was qualified for using import crude oil 3 million mt/yr.

July 25, 2017

Solvent oil market overview of H1 2017 and outlook of Q3 2017

In the first half of 2017, China solvent oil market rose with fluctuations. The prices of 6# and 120# solvent oil averaged at CNY4,739/mt, climbing by 3.72% against the CNY4,569/mt in the sa

July 24, 2017

LPG Price in North China rose in off-peak season

LPG prices in North China in whole June declined. Despite rebound in middle June, residential LPG price in North China fell generally in June because the downstream kept wait-and-see attitud

July 21, 2017

Marine crude oil theoretical margin losses increased by CNY52/mt to–CNY38/mt

This week, based on the settlement price CNY3,100/mt of light marine crude oil (density: 0.88-0.90) at Shandong market on July 19th, the theoretical processing losses of teapots were CNY38/m

July 20, 2017

Shandong teapots run rate kept steady at 55.56%

According to JLC statistics from 40 Shandong teapots, up to July 19th, 2017, the CDU run rate was 55.56%, same with last week.

July 20, 2017

Biodiesel market would keep slack on poor demand

Since 2017, the biodiesel market has been showing a flat trend. The continued low price of biodiesel did not bring the buying and selling atmosphere up, and on the contrary, the biodiesel ma

July 20, 2017

96.53% of the Phase II construction of CNOOC Huizhou refinery has been completed

On July 1st, the 1.8 million mt/yr catalytic reforming unit, the first set of startup unit, of CNOOC refinery Co., Ltd., Huizhou refinery branch, succeeded in producing qualified products

July 20, 2017

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