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More competition for C4 coming soon

Feedstock and sales of Etherized C4 tend to a fantastic situation in China. Shandong, where most teapots are located in, received over ten thousands of Etherized C4 resource easily. In a word, more and more alkylation units is expected to bring more competition for feedstock.

11-18-2015 13:57:21

Profits of deep-processing units touched cost line

Feed gas price, CNY4,150-4300(this week), stayed stable due to increased run rate. Higher prices was barely saw for narrowed profit from downstream, part of whom lowered their run rate to get prepared for colder market situation.

11-16-2015 14:15:35

MTBE prices tend to drop slightly

China dragged down prices of oil products on 4 August due to new drop of international crude price, which is likely to make oil-blenders become slow in purchase.

08-07-2015 11:50:12

V-day Parade to bring LPG sales down

Fear for the traffic control is likely to be a motive for downstream to practice an early purchasing before end of August. According to history, LPG sales is expected to drop sharply in North China when near the Parade date.

08-06-2015 11:10:00

Forecast over August China LPG Market

Supply: 1,950,000 mt from domestic refineries and 950,000 mt from overseas suppliers are expected due to few turnaround plans and low import prices.

08-05-2015 10:07:55

Bad news brought slump to crude prices on August 3th

On Monday, August 3th,Nymex crude price finished 4.14% lower at $45.17, down by $1.95, while Brent curde price ended up with 5.2% lower at $49.52, down by $2.69, due to news like negative forecast for global growth, worry for more oversupply from OPEC, etc.

08-04-2015 11:27:51

Negative factors bring weak transaction to domestic butane

According to history data, weak demand for butane is coming in June and July. There are a couple of factors on this trend.

06-05-2015 15:39:18

China LPG import in April hit 1 million mt

Due to excellent profit margin and big demand from China PDH producers, the total amount of LPG import reached 1,015,600mt in April with 57% from U.A.E, 36% from U.S. and 4% from Norway. The import volume in May is estimated to be at 0.9 million mt.

06-02-2015 08:55:15

Iran to build LPG storage facilities in China

He said Iran’s private sector will be assigned the task of building the storage facilities, and the National Iranian Gas Company (NIGC) will lease those facilities under a contract.

05-29-2015 11:09:36

China residential LPG social inventory of this week

With the increase of temperature, more pressure is to put on residential LPG factories. About 30-50% inventory was left in north China to the end of this week.

05-29-2015 11:02:06

Anruijia project for dehyogenation of ISO-Butane to be put into production

Russia sellers will face a great opportunity to export their resources because domestic supply of ISO-Butane in China is not enough.

05-22-2015 11:17:46

Analysis for DME Arbitrage in May 15th-19th

Downstream mostly took wait-and-see attitude in purchasing due to weak demand and inventory pressure. DME producers are still in lack of profit because of high-cost feedstock

05-18-2015 11:22:22

Limitid positive factors for feed gas demand

The total inventory was at about 30% in south China before May 17th. In North China, feed gas price turned to be stable with price below RMB4,000/mt. And the total inventory was at around 30-40% before May 17th.?

05-15-2015 11:20:42

Tremendous space to develop for China Oil&Gas sector

At last, local companies need to be encouraged to cooperate with famous international big firms, bringing money and high-tech to China offshore oil&gas resources.

05-13-2015 13:45:33

LPG import from Russia increased dramatically

China speeds up trading in energy sector with Russia. In July 2014, Heilongjiang first imported LPG from Russia.

05-13-2015 13:42:38

April domestic LPG supply decreases MoM

As of May, Yan’an Refinery is expected to recover production in early May. Liaohe Petrochemical is to end maintenance in end May. Jilin Petrochemical plans to start an overall turnaround in 6th, May. In general, 1,860,000mt-1,880,000mt LPG is predicted to be produced in May

04-29-2015 14:23:05

New-normal in Shandong LPG market

Before 27th April, as much as RMB1250 difference price showed up between residential LPG and feed gas in Shandong. Furthermore, feed gas market is much more active in transaction.

04-29-2015 14:15:28

China to dominate DEM market in 2015-2019

According to the report released recently by Reserch and Markets, the Global Dimethyl Ether Market in China and across the globe was valued at USD4.46 Bn in 2013 and is likely to reach USD8.37 Bn in 2020, expanding at a CAGR of 9.4% between 2014 and 2020.

04-29-2015 14:12:43

The reasons why Asia LPG price sharp down

Ken Koyama, the chief analyst from EEI, said in a report that Asia LPG price has reduced to USD500/mt, sharp down from USD800-1000/mt of 2014. The main reasons are more low-cost resources from America and international crude price drop.

04-28-2015 13:35:10

Feed gas shipment to Shandong increased in the first half of April

With continued increase of crude price since April, domestic oil products prices moved up. Downstream expects a higher price resulting in a good transaction sentiment. But local feed gas resources have higher prices, which has attracted large volume from other provinces since early April.

04-24-2015 16:46:48

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