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Olefin deep processing run rate rallies with widening profits in NW China

Deep processing plants in the Northwest enjoyed relatively decent profits in comparison with those in Shandong, which suffered from negative profits.

April 24, 2017

VAT for LPG much likely to be cut to 11%

It remains to be seen whether the 13% VAT for LPG will be adjusted to the higher level of 17% or to the lower level of 11%, whereas there is much likelihood for a cut to the 11% level in com

April 21, 2017

Processing light marine crude profits of Shandong fell to CNY-34/mt

The transaction price of light marine crude (density: 0.88-0.90) in Shandong market was CNY3,700/mt and the theoretical processing light marine crude profits of teapots were CNY-93/mt, dropp

April 21, 2017

Run rate in Shandong fell to 56.42%

According to JLC statistics from 41 Shandong teapots, up to April 19th, 2017, the CDU run rate fell to 56.42%, decreasing by 3.84 percentage points on week due to increasing teapots turnarou

April 20, 2017

A surge of China crude oil import reflects the oil product export increase

In March China crude oil imports went up sharply by 22.6% over February to 38.95 million mt, about 9.17 million barrels per day which was far higher than the previous historical record high

April 20, 2017

Panjin Port's container businesses are booming

China COSCO Shipping’s tanker Jinxiangyuan berthed the 102# at Panjin Port on April 16th after six days journey from Fujian, indicating COSCO’s container shipment route from Panjin to Fu

April 20, 2017

Gasoline inventory rise resulted in worries on demand weakening; oil closing price slumped

On April 19th (Wednesday), as confirmed by EIA statistics, the U.S. gasoline inventory recorded an increase but not decline, which resulted in worries on fuel oil demand weakening.

April 20, 2017

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