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Cangzhou Refinery is to conduct maintenance

Belonging to Sinopec Cangzhou Branch, Cangzhou Refinery will conduct one and half month’s maintenance from May 10th. During the maintenance, Cangzhou Refinery will stop selling industrial

April 27, 2017

China aims to raise the share of the non-fossil energy to over 50% by 2050

National Development and Reform Commission and the National Energy Administration issued the Energy Production and Consumption Revolutionary Strategy (2016-2030).

April 27, 2017

Processing profits of Oman crude oil increased by CNY241/mt to CNY267/mt WoW.

The transaction price of light marine crude (density: 0.88-0.90) in Shandong market was CNY3,650/mt and the theoretical processing light marine crude profits of teapots were CNY65/mt, growin

April 27, 2017

Run rate in China besides Shandong rose to 55.95%

According to JLC statistics from 41 Shandong teapots, up to April 26th, 2017, the CDU run rate rose to 56.56%, increasing by 0.14 percentage point on week.

April 27, 2017

Status of mixed alkane dehydrogenation

Currently, there are three units for mixed alkane dehydrogenation in China, with a total capacity of 1.1 million mt/yr, all located in Shandong. In fact, there is one additional unit with a

April 27, 2017

The crude oil futures price rebounded on softer dollar and Russia’s commitment

In this week, crude oil price rebounded. On April 25th, API data showed that it deepened concerns to international crude oil market that the U.S. crude oil inventory growth and the emergence

April 26, 2017

Bunker oil market to maintain weak adjustment and South China blended oil profit to widen

Although bunker oil market in South China was in bearish trend recently with the ex-storage price reaching CNY3,300/mt, some market player stated that the overall transaction was not that ba

April 26, 2017

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