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China Fuel Oil Export by Customs,Feb 2018

04-08-2018 17:15:49

Rizhao-Puyang-Luoyang pipeline starts the construction on March 28

On March 28, Rizhao-Puyang-Luoyang pipeline project started at the same time in Henan Luoyang and Xinxiang and Shandong Jining and Linyi.

03-29-2018 18:14:00

Sinopec and PetroChina all had the first crude futures trading with INE

On March 26, Sinopec wholly-owned subsidiary China International United Petroleum & Chemicals Co., Ltd (UNIPEC) and Shell signed a Middle East crude long-term supply contract.

03-29-2018 14:50:41

Shipping companies need to take active measures to response sulfur emission restriction

Environmental protection is a global trend, so the implementation of global Sulfur Removal Regulations will be inevitable in 2020. Only when traders take measures actively to response the changes instead of waiting for the delayed policy, can unnecessary loss be avoided.

03-29-2018 11:55:28

Funshun Mining shale oil bidding price to increase if light coal tar price moves up

Introduction: Shale oil bidding price can predict the rise and fall of bunker oil, and the shale oil trading volume can directly reflects the overall demand for bunker over a period of time. How about this round of bidding on March 26?

03-28-2018 16:41:04

The way out for ethanol gasoline upon the tariff hike policy

On March 23, 2018, the Ministry of Commerce issued a list of suspension of concessions in responding to the Section 232 Duties by the United States of America (US) on Steel and Aluminum Products imports, intending to increase the tariffs on certain products imported from the United States.

03-26-2018 15:31:31

Gasoline and diesel exports to be higher in 2018

China exported 995,600 mt gasoline in January 2018, down 19.06% MoM and up 66.10% YoY. Gasoline imports were 150,000 mt, down 24.75% MoM and up 0.67% YoY. Diesel exports in January were 1.2844 million mt, down 35.59% and up 33.10% YoY. Diesel imports were 6,300 mt, up 65.16% and down 92.43% YoY.

03-13-2018 11:16:39

China NBS releases December energy production status

China National Bureau of Statistics (NBS) released that crude production had a further decline in December 2017.

01-22-2018 13:39:17

Offshore crude refining profit rises 83% WoW

The theoretical profit of processing light offshore crude in independent refineries increased by CNY44/mt WoW to CNY95/mt.

01-11-2018 18:24:44

China other teapots’ run rate rises by 0.41 percentage points WoW

Among the 24 major independent refineries in China besides Shandong, 19 of them were operating this week ended January 10th, and the CDU run rate was 56.13%, up 0.41 percentage points WoW, as Panjin North Asphalt increased the processing volume slightly, during up the overall run rate.

01-11-2018 13:41:34

Shengli crude refining profit drops 60% WoW

The theoretical profit of processing light offshore crude in independent refineries decreased by CNY99/mt WoW to CNY52/mt, as offshore crude price increased.

01-05-2018 17:06:23

Shandong teapots' run rate drops from last week

According to JLC statistics from 41 Shandong independent refineries, up to January 3rd, 2018, the CDU run rate was 68.46%, down 1.17 percentage points week on week as some independent refineries reduced the processing volume or even shut down the units due to the poor refining margin.

01-05-2018 17:02:20

Jiangsu Xinhai Petrochemical was granted to use imported crude 2.3 million mt/yr

China Petroleum and Chemical Industry Federation (CPCIF) claimed on December 27th 2017 that Jiangsu Xinhai Petrochemical was qualified for using import crude oil 2.3 million mt/yr preliminarily.

01-02-2018 17:38:08

Oman crude refining profit increased by CNY133/mt to CNY134/mt

The theoretical processing light offshore crude profit of independent refineries increased by CNY214/mt WoW to CNY151/mt, as gasoline and diesel prices rebounded from the low point.

12-29-2017 10:17:54

Shandong teapots’ run rate decreased by 0.48 percentage points WoW to 69.63%

According to JLC statistics from 41 Shandong independent refineries, up to December 27th, 2017, the CDU run rate was 69.63%, down 0.48 percentage points week on week.

12-29-2017 10:12:36

China 1st Batch of Crude Oil Import Quota in 2018 totaled 121.32 million mt

The first batch of crude import quota for non-state-owned trade in 2018 has been released by the end of 2017, with the total number reading 121.32 million mt, up 52.51 million mt YoY or 76%, accounting for over 85% of the 2018’s total annual import quota of 142.42 million mt released by MoC.

12-28-2017 18:50:39

China to exempt purchase taxes on new energy vehicles from 2018 to 2020

Ministry of Finance, State Administration of Taxation, Ministry of Industry and Information Technology and Ministry of Science and Technology published the "Notice on Exempting Purchase Taxes on New Energy Vehicles"

12-28-2017 08:57:59

Fujian Gulei integrated refining and chemical project officially started construction

On December 26th, Gulei integrated refining and chemical project officially started construction in Zhangzhou, Fujian Province. This project is another practice to promote the deep integration of the petrochemical industry in both sides of the Taiwan Straits.

12-27-2017 11:32:44

China’s first deep-water gas field gas production broke 10 billion cubic meters

China’s first deep-water gas field – Liwan 3-1 gas field had produced over 10 billion cubic meters gas by December 19th. As a super deep-water gas field with proven gas storage capacity reaching over 100 billion cubic meters

12-27-2017 10:51:22

North China Petrochemical’s 10 million mt refining project to be completed in 2018

It is reported that North China Petrochemical planned to build up its 10 million mt refining project and supporting projects by the end of May in 2018 and qualified products will come out in October

12-26-2017 17:45:07

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