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Shandong Yulong refinery attracts new investors

Beijing (JLC), December 2, 2021--Two more Chinese firms have decided to invest in Yulong refining and chemical complex in Yulong Island, Yantai of Shandong province in East China, domestic media said.

12-02-2021 09:39:00

Shenghong Petrochemical receives first crude cargo

Beijing (JLC), November 23, 2021--China’s new independent Shenghong Petrochemical received the first crude cargo at its 300,000 dwt crude terminal in Xuwei, Lianyungang of East China’s Jiangsu province, sources said.

11-23-2021 16:36:59

China Gas agrees with Yanchang Petroleum on propane supply to PDH JV in Taixing

Beijing (JLC), November 18, 2021--China Gas signed an agreement with Shaanxi Yanchang Petroleum on feedstock supply to a new propane dehydrogenation (PDH) unit in Taixing of East China’s Jiangsu that they are jointly building, the company announced on November 11.

11-18-2021 17:25:21

Anqing Taiheng Chemical brings MADH project online

Beijing (JLC), November 18, 2021--Anqing Taiheng Chemical brought online a mixed alkane dehydrogenation (MADH) project in Central China’s Anhui province on November 12, 2021, the first of its kind in the province, sources said.

11-18-2021 10:21:27

China gasoline prices lead drops, diesel and others follow

Beijing (JLC), November 12, 2021--?China oil product market retreated from lofty levels from the start of November, as speculation on supply shortage waned. Noticeably, gasoline prices took the lead with a much sharper decline than diesel and other products.

11-12-2021 15:37:03

China allocates LSFO export quotas unevenly in 3rd batch

Beijing (JLC), November 11, 2021--China’s Ministry of Commerce (MOC) granted more quotas on LSFO exports for Sinopec, PetroChina and CNOOC, and cut those for the other two holders in its 3rd batch allocation, official sources said.its 3rd batch allocation, official sources said.

11-11-2021 11:01:31

Retail margins for gasoline rally sharply amid wholesale price plunges

Beijing (JLC), November 10, 2021--China's retail-wholesale price spread for gasoline rallied sharply to CNY1,264/mt on November 9, up by CNY867/mt from a trough notched at end-October, as wholesale prices for the fuel slumped.

11-10-2021 18:13:35

China to release gasoline, diesel reserves to ease tightness

Beijing (JLC), November 2, 2021--China will unleash gasoline and diesel reserves to mitigate domestic supply tightness, the National Food and Strategic Reserves Administration said on October 31.

11-02-2021 13:30:57

China to allow oil product export with remaining LSFO quotas?

Beijing (JLC), October 27, 2021--Rumors have been circulating wildly about whether China will approve oil giants’ application for the transfer of export quotas from fuel oil to gasoline, diesel and jet fuel recently.

10-27-2021 14:02:42

Shandong Qixiang Tengda to complete PDH project by year-end

Beijing (JLC), October 19, 2021--China’s listed Qixiang Tengda plans to complete construction of its new propane dehydrogenation (PDH) unit in Zibo of East China’s Shandong province at the end of the year, the firm told its investors on October 16.

10-19-2021 16:25:50

China bunker fuel cost gains amid power rationing

Beijing (JLC), September 30, 2021--China’s ongoing power rationing is likely to cause a rise in the cost of bunker fuel for ships plying domestic routes, as the supply of coal-based blending feedstock is set to tighten.

09-30-2021 14:31:44

China steam coal prices rocket amid tight supply, strong demand

Beijing (JLC), September 29, 2021--China’s steam coal market is in a deep backwardation, with spot prices significantly higher than futures prices, which indicates strong bullishness in the spot market.

09-29-2021 18:41:26

Shandong independents cut runs under power rationing

Beijing (JLC), September 26, 2021--Independent refiners in East China’s Shandong have cut their crude runs recently under power restrictions and environmental protection checks.

09-26-2021 16:44:15

LPG prices jump in East China as typhoon tightens supply

Beijing (JLC), September 18, 2021--Spot LPG prices in East China surged in the week ending September 17, as the Typhoon CANDU curbed imported cargo arrivals at eastern terminals and sparked a buying spree among traders and small distributors.

09-18-2021 14:34:49

Coal chemical hub asks to half CTO output in Q4

Yulin of Shaanxi in Northwest China, China’s coal chemical hub, plans to cut its CTO output by more than 50%, according to a local government notice.

09-14-2021 09:53:49

PetroChina produces qualified ethylene from Tarim ethane-fed steam cracker

Beijing (JLC), September 1, 2021-- China's oil giant PetroChina produced on-specification ethylene from its ethane-fed steam cracker at Tarim project of Northwest China's Xinjiang on August 30, the firm said.

09-01-2021 16:43:55

Fujian Petrochemical Group, SABIC agree to build ethylene unit in Gulei

Beijing (JLC), September 1, 2021--China’s state-run Fujian Petrochemical Group signed a contract with Saudi Arabia’s SABIC to build an ethylene project in Gulei Petrochemical Base of Southeast China’s Fujian province, the firm said the other day.

09-01-2021 11:35:38

Shandong Jinneng imports first propane cargo for new PDH unit

Beijing (JLC), August 26, 2021--Chinese private Shandong Jinneng Science and Technology (Jinneng) received its first imported propane cargo lately, after starting up its phase I propane dehydrogenation (PDH) unit in Qingdao of East China’s Shandong in late July.

08-26-2021 15:14:11

China's bonded bunker exports soar on higher LSFO output

Beijing (JLC), August 25, 2021--China’s bonded bunker fuel exports reached 1.87 million mt in July 2021, surging 39.66% on the year, the customs data shows. It is mainly because strong low sulfur fuel oil (LSFO) production facilitated more bonded bunkering.

08-25-2021 17:36:26

CNOOC's oil, gas output hits record high

Beijing (JLC), August 23, 2021--State-run China National Offshore Oil Corporation (CNOOC) produced 278.1 million barrels of oil equivalent of oil and gas in the first half of 2021, hitting a historical high and up 7.9% on the year, the Hong Kong listed firm said in its semiannual report last week.

08-23-2021 14:25:52

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