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Top 3 majors see growth in upstream, midstream and downstream sectors

Guangzhou (JLC), September 1, 2023 – China’s three largest publicly-traded state-owned oil majors—PetroChina, Sinopec and CNOOC—all saw growth in the upstream, midstream and downstream sectors.

09-01-2023 18:27:34

Multiple LPG downstream plants come online in Shandong

Beijing (JLC), December 11, 2020--Several liquefied petroleum gas (LPG) downstream units, led by propane dehydrogenation (PDH), have come online in 2020, with more to start up in 2021, as local refiners are extending their industrial chain to the chemical.

12-11-2020 17:28:56

Saudi Aramco buys SABIC to enhance downstream, gear up for 2021 IPO

Beijing (JLC), March 29, 2019--Saudi Aramco’s latest acquisition of Saudi Basic Industries Corporation (SABIC) will help expand its footprint in the refining and petrochemical sector and is a prelude to its initial public opening (IPO) now scheduled for 2021, industrial sources said.

03-29-2019 11:11:54

Cracking C5 prices stable amid weak downstream market

Cracking C5 prices remained stable temporarily because of weak downstream market.

07-30-2018 10:03:54

More feed gas commercial supplies benefit downstream market

Downstream market developed soundly amid more commercial supplies of feed gas. As shown in the following chart, alkylation unit profits remained considerable in May. Meanwhile, isomerization unit profits also increased with falling etherified C4 prices.

05-28-2018 16:06:46

China coal market remained robust on improved downstream demand

The coastal coal market gradually picked up in winter as the daily coal consumption of power plants recovered to a high level and downstream demand increased, which led to the growing supply and demand of coal at ports around Bohai.

12-20-2017 17:18:38

Cracking C9 market saw bearish future amid weak downstream demand

According to JLC, as of October 24th, cracking C9 mainstream offer was CNY3,600-3,800/mt in China, almost unchanged from early October.

10-25-2017 13:50:35

C5 plant run rate steadied although downstream market moved up

According to JLC's monitoring on 12 major refineries, their C5 plant run rate remained stable at 27% in the week ended August 25th, 2017.

08-28-2017 15:16:05

C5 plant run rate steadied while downstream product prices rose

According to JLC's monitoring on 12 main refineries, their C5 plant run rate leveled off at 27% in the week ending August 10th, 2017.

08-14-2017 16:40:32

Port coal prices to drop with downstream users’ weak procurement

Coal supply began to be stable with the recovery of coal mines output in main producing areas. According to the data, the average coal sales via highway recovered to above 1.17 million mt in Erdos, Inner Mongolia

04-19-2017 14:55:51

Steam coal prices grow amid tight supply and rising downstream restocking

During the two sessions’ period, all regional governments launched frequent and strict safety inspections for coal mines. In general, coal supply from producing regions became tighter

03-09-2017 17:52:18

Gasoline and diesel prices keep strong at high level with depressed downstream traders

This week (November 18th-24th), oil prices fluctuated and moved upward and had evident increase over the previous week as the positive attitude of oil-producers towards the freezing meeting brought hopes for investors though supply-demand data was not improved obviously.

11-25-2016 15:16:04

Deep processing plants get profit amid price growth both in upstream and downstream

August 12th-August 18th, despite decrease of gross profit of olefin deep processing amid growing feed gas price, olefin deep processing plants still got great profit.

08-19-2016 17:40:50

China MTBE downstream chain introduction

MTBE has been well known as blended gasoline feedstock to public, because it can not only lift gasoline octane, but strength vehicles’ antiknock. Actually, MTBE also can be used in chemical and medicine industries in China.

03-24-2016 15:10:55

Mineral oil growth slowed down with arbitrary development of downstream industry

This month, domestic mineral oil prices edged up along with oil products’ rise. But compared with other petroleum products, mineral oil’s climbing was weaker amid moderate downstream demand. Orders of mineral oil had not seen to jump due to slack demand though the prices increased.

05-25-2015 17:50:47

Price of both upstream products and downstream dropped, bringing difficult to deep-processing plants

In this week, theoretical profit of products from deep-processing units including aromatization, alkylation and isomerization in Shandong went up as cost for feed gas dropped.

12-10-2014 10:40:30

Gains from Processing Shengli Crude Shrink amid Bearish Downstream Market

According to JYD, profits of refining Shengli Oilfield-originated crude oil by Shandong teapots shrank CNY117/mt on-week to CNY142/mt. The shrinkage mainly resulted from continuous drops of downstream product prices.

11-20-2014 09:38:38

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