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China state-owned refineries to reduce load

China state-owned refineries run rate inched down by 0.95 percentage points month on month and 0.29 percentage points year on year to 76.52% by mid-August due to more refineries’ units maintenance, JLC data shows.

08-16-2018 18:01:14

Two independent refineries in Zibo gained rights to use imported crude oil

Shandong Qingyishan Petrochemical & Technology Co., Ltd. and Zibo Xintai Petrochemical Co., Ltd., two independent refineries in Zibo of Shandong, met relevant stipulates and requirements and were initially be allocated rights to use 3,000 mt and 2,000 mt imported crude oil in 2017, respectively.

06-21-2017 14:20:34

Main refineries’ profit was cut down by the bigger increase in feedstock

Main refineries’ profit decreased in September. According to the profit and loss formula of JYD, taking the subsidiary of CNPC for example, up to September 19th, refineries’ profit stood at CNY157/mt, dropping CNY168/mt or 51.78% MoM.

09-20-2016 11:02:08

Main refineries’ run rate settled at 71.60% in August

At the end of August, the run rate of main refineries moved down by 1.82 percent MoM to 71.60%.

09-06-2016 17:34:42

Main refineries’ profit improved slightly amid greater decline in raw material

In July, main refineries’ profit increased slightly and take CNPC for example, according to profit and loss calculation formula, the profit of refineries stood at CNY350/mt, increased by CNY90/mt, or 35.8% MoM at the end of July.

08-17-2016 13:36:41

More refineries put into production promoted run rate

According to JYD, there were 18 of 23 refineries went into operation. As of 15th June, teapots operating rate was 55.92%, up 2.52% WoW.

06-21-2016 16:08:13

Major refineries processed more crude oil in June

In June, despite the less overhauls of main refineries, some refineries lowered down the processing volume to balance the market resources amid high stocks. Overall, the daily crude processing volume gained a slight growth.

06-15-2016 15:01:57

China major refineries jet fuel EXW price will increase in June

According to JYD, during April 25th-May 24th, the jet fuel average price in Singapore settled at $54/bbl, up by $5.86/bbl and the tax-paid price of jet fuel CIF was CNY3,421/mt, sharply up by CNY368/mt MoM. In June, the jet fuel EXW price of main refineries will further be lifted up.

05-31-2016 09:17:20

China independent refineries demand continues to prop up the crude imports

In April, China crude imports settled at 32.58 million mt, or 8 million barrels per day, increasing 7.6% on-yearly basis.

05-24-2016 11:48:49

Run rate of deep processing declines due to maintenance of some refineries

In May 6th-May 12th, run rate of domestic olefin deep processing sector is around 46.34%, down by 2.63% week-on-week.

05-13-2016 17:03:05

Main refineries' jet fuel EXW price would be raised in April

According to JYD, during February 25th-March 24th, Singapore jet fuel average price settled up by $6.64/bbl MoM to $46.65/bbl, and the exchange rate of RMB against dollar was average at 6.5120 steadily. The RMB equivalent of jet fuel CIF price after tax ended up by CNY390/mt MoM to CNY2,978/mt.

03-28-2016 11:35:42

Main refineries cut the run rate

In early March, the overhauls of main refineries were much larger than February. In addition, the crude rally pushed down the main refineries refining margins .

03-04-2016 17:29:12

Main refineries crude run rose 4.08% in February

In February, the total crude run of PetroChina and Sinopec settled down by 2.64% MoM to 31.35 million mt, and the daily crude run increased 4.08% MoM.

02-29-2016 17:25:10

Main refineries run rate increased 2.48 percent in February

Up to the end of February, 2016, the main refineries run rate increased 2.48 against the previous month to 79.10%.

02-29-2016 15:06:57

Main refineries' run rate settled up to 78.65%

12-03-2015 16:33:51

Main refineries run rate slid to 77.8%

According to JYD, the run rate of main refineries at the end of October moved down by 1.4 percents MoM to 77.8%.

11-03-2015 14:52:13

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