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China to hike propane, butane imports amid PHD, MADH boom

Beijing (JLC), June 24, 2021—China is expected to boost propane and butane imports during 2021-2025, as numerous propane and mixed alkane dehydrogenation (PDH, MADH) units alike are planned to come online amid efforts to raise ethylene and propylene output.

06-24-2021 10:13:06

Shandong diluted bitumen imports boom on crude quota shortages

Beijing (JLC), December 10, 2020--Shandong independent refiners’ imports of cutback bitumen soared in November, as the shortage of crude import quotas.

12-10-2020 17:15:37

China bonded bunker market amid IMO2020: Booming with changes in supply and demand

Beijing (JLC), June 18, 2020--China bonded low-sulfur (LS) bunker fuel market has been changed in supply and demand due to the policies of the export refund and quotas, and a boosting market is in store.

06-19-2020 14:19:26

Shandong independents refined oil profits boom

Beijing (JLC), September 23, 2019--Shandong-based independent refiners witnessed booming profits in refined oil by cross region selling in this month, especially for gasoline, JLC research showed.

09-23-2019 14:06:38

Bonded bunker oil business in Zhoushan is booming

Zhejiang Zhoushan Pilot Free Trade Zone (FTZ) saw a total bonded bunker oil supply 3.5929 million mt by Zhoushan Customs, rising 96.51%, due to the demand growth and government policy open up, Zhoushan FTZ website said.

02-27-2019 14:54:28

New fuel ethanol projects boom, still unable to meet demand by 2020

Many new fuel ethanol projects are under plan or construction in China as the government will impose mandatory use of ethanol gasoline in vehicles nationwide by 2020, whereas those projects, once put onto stream, are still not enough to cover robust demand for fuel ethanol by then.

07-19-2018 13:41:44

LCO booms amid weaker imported MA

As diesel blending feedstock, light cycle oil (LCO) and biodiesel have been put in the spotlight by blended oil traders currently, in view of the invoice problem since the implementation of new consumption tax regulations.

06-12-2018 16:42:35

High-yield single-product industries boom

High-yield single-product industries, such as propane dehydrogenation (PDH) and ethane cracking, boomed in recent years

05-29-2018 15:18:28

Aromatic solvent oil prices rise amid booming crude

Aromatic solvent oil prices rose amid booming crude market recently. Market participants held bullish sentiments on crude oil market, though the prices fell on May 8th unexpectedly.

05-15-2018 18:26:31

MTBE prices rise amid booming crude market

MTBE mainstream prices read CNY6,250-6,300/mt and CNY6,700-6,750/mt in Dongying, Shandong and South China respectively as of May 10th, up CNY450-500/mt and CNY700-750/mt respectively from early April, JLC data shows.

05-14-2018 14:11:02

Gasoline price to rise amid booming crude market

Global crude market saw bullish news recently, as US active rig counts declined during the week ended January 12th, EIA raised its expectation of global crude demand growth rate in 2018

01-15-2018 17:27:08

Cracking C5 price kept rising amid booming C5 industry

According to JLC's monitoring on 12 major state-owned refineries, their C5 plant run rate leveled off at 27% in the week ended November 24th.

11-24-2017 17:16:55

Unit halting boom would come to dimethyl ether market amid supply cut

According to JLC, China domestic dimethyl ether supply increased slightly from the previous week. Due to the former oversupply in Sanmenxia areas, prices continued to decline, which resulted in restocking activities among end users.

11-16-2017 15:05:27

Panjin Port's container businesses are booming

China COSCO Shipping’s tanker Jinxiangyuan berthed the 102# at Panjin Port on April 16th after six days journey from Fujian, indicating COSCO’s container shipment route from Panjin to Fujian (Panjin-Fuzhou-Zhangzhou-Quanzhou) was operated officially.

04-20-2017 15:43:37

Newly-constructed units of teapots booming intensify the competition

According to JLC, in 2017 teapots’ newly-constructed units are still intensive mainly on CDU and CCR. Yongxin, Haihua, Hongrun and Chambroad with totaling CDU capacity of 18 million mt/yr would be put into operation in the second half of 2017 or the first half of 2018.

03-13-2017 13:47:17

International oil prices boom over 8% amid OPEC reaching the production reduction deal

OPEC ministerial conference was held in Vienna on November 30th and all parties reached the production reduction deal in the end, which boosted oil prices hike. An insider said oil prices would be raised in the short term as OPEC reached the production reduction deal

12-01-2016 11:35:29

China refined oil exports started booming amid aggravated demand-supply situation

Since 2015, after China’s refining industry moved through some revolutions, the crude import right and using right were opened to teapots, which made the Chinese crude demand climbing up.

11-04-2016 15:03:26

Blending Oil profit decreased slightly amid booming cost

International crude futures fluctuated in a wide range in September. Supported by the up-regulated retail prices, domestic blending oil market moved upwards with fluctuations.

09-08-2016 16:09:24

Handling capacity booming in ports amid crude arrivals

After the crude import right open, a large amount of import crude arrives in the port, and facing the challenges, more and more supporting facilities are being built.

03-22-2016 16:26:40

Fast boom of China MTBE capacity formed fierce market competition

Since end of 2009, China MTBE capacity increased fast. It's predicted China MTBE total capacity will reach 15 million mt/yr with yield at 7.85 million mt in 2015.

09-25-2015 14:16:09

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