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Blendstock prices rise after consumption tax made official

Guangzhou (JLC), July 3, 2023 – Prices of some blendstocks rose significantly over the weekend after China announced on June 30 that somes fuel blending components would be subject to cons

July 03, 2023

China announces consumption tax on alkylates, mixed aromatics

Guangzhou (JLC), June 30, 2023--China has imposed a consumption tax on alkylates (isooctane), an important component for blended gasoline, as from June 30, 2023.

June 30, 2023

Export margins improve on month as domestic prices drop

Guangzhou (JLC), June 30, 2023 – Export margins of gasoline and diesel from south China to Singapore improved modestly, as domestic ex-refinery prices dropped while Singapore prices extend

June 30, 2023

China to raise fuel ceilings moderately on June 29

Guangzhou (JLC), June 28, 2023--China will raise the price ceilings of gasoline and diesel moderately on June 29, 2023, as international crude prices have lately rebounded amid supply concer

June 28, 2023

China's naphtha imports soar 70.79% in first five months

Guangzhou (JLC), June 27, 2023--China's naphtha imports surged by 70.79% in the first five months of 2023, as domestic production remained short amid growing demand.

June 27, 2023

China launches new CNY-based bonded bunker assessments

Guangzhou (JLC), June 25, 2023 – China has launched on June 20 its new CNY-based bonded bunker assessments, which are now published on the website of Shanghai Petroleum and Natural Gas Exc

June 25, 2023

LPG safety comes under the spotlight after blast kills 31

Guangzhou (JLC), June 25, 2023 – Thirty-one people died and seven others were injured after an explosion caused by the leakage of an LPG cylinder in a restaurant on Wednesday night in Yinc

June 25, 2023

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