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LPG demand keeps firm in 2018

Profit of LPG used in chemical sector was higher than that in LPG trade sector in 2017. According to JLC, profits of imported LPG for trade only averaged CNY130-150/mt in 2017.

02-27-2018 09:48:49

LPG price movement after the holiday

After the Chinese New Year holiday (February 15th-February 21st, 2018), users in northern China replenished LPG in advance while users in southern China acted slowly.

02-26-2018 11:32:15

Alkylation unit of Liaoning Hualu comes online

According to JLC, 160,000 mt/yr alkylation unit of Liaoning Hualu Special Asphalt Co., Ltd (short as “Liaoning Hualu”) came online on February 23rd, 2018. The company released 400 mt alkylated oil per day and 1-2 trucks of residential LPG per day.

02-26-2018 10:25:53

Shandong butane price undergoes an up-then-down trend in January 2018

In early January 2018, butane market moved upward. Only from January 12th to 15th, n-butane price surged above CNY5,000/mt and iso-butane price rose above CNY6,000/mt. While from January 16th, n-butane market moved downward.

01-24-2018 09:40:42

Lower temperature to drag Northwest China LPG market

Lower temperature in early January affected Northwest China LPG market greatly.

01-24-2018 09:37:06

Sinopec Marketing Company sells 10 million mt LPG in 2017

According to information released by Sinopec, Sinopec Marketing Company sold 10.15 million mt LPG in whole 2017, hitting record high.

01-23-2018 10:20:22

Shandong propane price rose in early January 2018

Shandong propane price rose from the beginning of January 2018 to January 7th. Then the price edged down. After January 11th, 2018, propane price in Shandong market rose again. Up to January 16th, 2018, prevailing propane deal price in Shandong was CNY5,250-5,320/mt.

01-18-2018 09:57:59

Imported LPG cargoes are delayed on navigation closure of Yangtze Estuary

The Panama-registered oil tanker SANCHI exploded and sank in the East China Sea on January 14th, 2018, eight days after it collided with a Hong Kong-registered cargo ship and burst into flames. 32 crew members were missing.

01-17-2018 17:32:48

China imported LPG market performs well in early and middle January

China imported LPG market in late January 2018 stays decent. Profit of LPG deep processing industry has been more than CNY1,200/mt. Despite intensive imported LPG cargo arrivals, profit of imported LPG for trade keeps good and imported LPG is also sold well.

01-17-2018 10:15:41

China domestic etherified C4 price surges

From the beginning of 2018, China domestic etherified C4 prices rose. On January 12th, etherified C4 price in Shandong rose by CNY200/mt. China domestic etherified C4 price rose over CNY200/mt from the end of December 2017. Etherified C4 average price in Shandong even rose by CNY600/mt higher.

01-16-2018 11:44:05

Imported LPG is badly needed in Northeast China

According to JLC, LPG imports of East China and South China in 2017 accounted for 80% of the total. And LPG imports of Northeast China only took 0.015% share, the lowest level among different regions in China.

01-16-2018 10:33:14

LPG imports of Northwest China in 2017 decrease from 2016

According to customs data, China LPG imports totaled 16.857 million mt up to November 2017 with 171,900 mt imported by Northwest China, down 2.99% YoY. Despite large geographical range, there are only two ports in Xinjiang and Inner Mongolia respectively importing LPG.

01-16-2018 09:45:08

Feed gas price in Shandong is to fall after surging

Feed gas price in Shandong Province surging with the prevailing price keeping around CNY5,100-5,150/mt, up CNY200/mt from early January. However, feed gas price is expected to fall after this round of rise.

01-10-2018 09:21:07

4 million mt/yr olefin project of Zhejiang Satellite is settled at Lianyungang

Zhejiang Satellite Petrochemical signed Cooperation Framework Agreement on 4 million mt Olefin Comprehensive Utilization Industrial Park with Administrative Committee of Lianyungang Xuwei New District.

12-27-2017 14:03:11

Japan’s US LPG imports to hit record in 2017

Japan’s liquefied petroleum gas (LPG) imports from the United States are expected to double in 2017 to a record and account for around half of its total purchases, government and shipping data showed.

12-27-2017 11:01:27

East China rivals South China on importing LPG

China LPG imports totaled 15.2795 million mt from January to October 2017. The whole LPG imports in 2017 are expected to outpace 18.5 million mt, up 14% higher YoY. Terminals importing LPG in China were mainly located in East China and South China, which held about 77% imported LPG.

12-27-2017 10:26:09

Shandong LPG market kept weak in December 2017

Upon entering December 2017, Shandong LPG market moved downward. JLC Shandong LPG price index at the end of December declined by 300 from early December.

12-27-2017 09:38:23

Operating rate of alkane deep processing units kept high in November and December 2017

From November to December 2017, operating rate of alkane deep processing units kept at relatively high level. Up to December 25th, 2017, the operating rate averaged 66.69%.

12-26-2017 15:16:06

Feed gas price stayed low despite fine profit of alkylation units

According to JLC, profit of alkylation units in Shandong kept around CNY100/mt after entering December, turning better from previous period. However, feed gas price in Shandong stayed low.

12-26-2017 14:53:51

Iso-butane market kept firm in November and December 2017

In November and December 2017, iso-butane price was below CNY5,000/mt early the two months and kept above CNY5,000/mt other time. The price rose by 20.50% YoY. And the highest iso-butane price also occurred at the end of November and in early December due to the following two factors.

12-25-2017 10:50:12

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