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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

LPG market in Northwest China was supported by decreased supply

It was learned that coal direct liquefaction unit of Shenhua Coal to Liquid and Chemical Company was stopped operating on December 18th for 45 days’ maintenance.

12-25-2017 09:46:47

Oman crude refining profit decreased by CNY94/mt to CNY524/mt

The theoretical processing light offshore crude profit of independent refineries reached CNY477/mt, down CNY54/mt week on week as refined products’ sales revenue increased greatly amid the bullish global market.

11-15-2017 17:25:35

Shengli crude theoretical profit decreased by CNY131/mt to CNY138/mt

This week, based on the settlement price CNY3,400/mt of light offshore oil (density: 0.88-0.90) at Shandong market on August 30th, the theoretical processing profits of independent refineries were CNY75/mt, down CNY154/mt WoW due to the bearish refined products market.

08-31-2017 15:15:36

Offshore crude theoretical profit decreased by CNY4/mt to CNY229/mt

This week, based on the settlement price CNY3,400/mt of light offshore oil (density: 0.88-0.90) at Shandong market on August 23rd, the theoretical processing profits of independent refineries were CNY229/mt, down CNY4/mt WoW.

08-24-2017 13:33:48

Shandong independent refineries’ run rate decreased 1.75 percentage points to 56.79%

According to JLC statistics from 40 Shandong independent refineries, up to August 23rd, 2017, the CDU run rate was 56.79%, down 1.75 percentage points.

08-24-2017 11:22:26

China other teapots run rate decreased to 53.33% amid Zhongjie Petrochemical’s accident

According to JLC statistics from 40 Shandong independent refineries, up to August 16th, 2017, the CDU run rate was 58.54%, up 1.74 percentage points.

08-17-2017 15:33:12

China other teapots' run rate decreased by 1.73 percentage points to 55.04%

According to JLC statistics from 40 Shandong independent refineries, up to August 9th, 2017, the CDU run rate was 56.8%, up 0.26 percentage points.

08-11-2017 09:19:16

Gasoline and diesel import arbitrage both decreased amid price gain of Singapore oil products

According to JLC import and export arbitrage data, gasoline and diesel import arbitrage both decreased on month in the first half of July. Domestic gasoline and diesel market was strong in the first half of July.

07-20-2017 16:18:05

Import volume decreased, but Singapore high sulfur fuel oil market kept strong

On June 27th, traders predicted that the imports from Europe, Middle East and the U.S. would decline， but Singapore 380CST high sulfur fuel oil market would keep strong in July. Last week, some traders wanted to bring some high sulfur fuel oil cargos to Singapore.

06-28-2017 15:44:36

U.S. EIA crude inventory decreased less than expected resulting in price falling 3%

EIA statistics on June 14th (Wednesday) showed that the U.S. EIA crude inventory slid almost 1.7 million barrels in the week of June 9th. As the decrease was less than expected, oil price slipped mildly after the statistics release.

06-15-2017 18:02:35

Processing profits of Shengli crude decreased by CNY269/mt to CNY-287/mt

The transaction price of light marine crude (density: 0.88-0.90) in Shandong market stabilized at CNY3,500/mt and the theoretical processing light marine crude profit of teapots decreased by CNY105/mt to CNY-139/mt amid the successive diesel prices cut.

06-08-2017 13:47:10

Processing light marine crude profit decreased by CNY65/mt WoW to CNY-34/mt

The transaction price of light marine crude (density: 0.88-0.90) in Shandong market stabilized at CNY3,500/mt and the theoretical processing light marine crude profit of teapots decreased by CNY65/mt WoW to CNY-34/mt amid the diesel and gasoline price cut.

06-01-2017 15:32:52

China April MTBE imports decreased MoM while exports kept increasing

MTBE price moved down after rising in April as mid-downstream buyers just made purchase on rigid demand while consuming the inventory amid the weak demand in terminal market, therefore manufacturers faced great delivery pressure and the transaction was slack.

06-01-2017 10:27:35

Processing light marine crude profit decreased by CNY53/mt WoW to CNY31/mt

The transaction price of light marine crude (density: 0.88-0.90) in Shandong market stabilized at CNY3,500/mt and the theoretical processing light marine crude profit of teapots decreased by CNY53/mt WoWto CNY31/mt amid the diesel price cut.

05-25-2017 12:55:05

Processing profit of Oman crude decreased by CNY154/mt to CNY220/mt

The transaction price of light marine crude (density: 0.88-0.90) in Shandong market stabilized at CNY3,500/mt and the theoretical processing light marine crude profit of teapots decreased by CNY21 mt to CNY84/mt WoW.

05-18-2017 10:11:36

Run rate of the C5 separation units decreased by 19.98% WoW to 36.49%.

According to JLC statistics from 9 downstream teapots, up to May 15th, 2017, the run rate of downstream C5 separation units decreased by 19.98% WoW to 36.49%.

05-16-2017 15:15:25

China January imports of crude oil decreased by 6.5% from December 2016

According to the data from the General Customs of the PRC, China imports of crude oil and oil products in January decreased from the high level in last December, but were still higher than the same period in 2016.

02-21-2017 14:09:51

MTBE import volume decreased in November due to weak demand

12-28-2016 17:04:51

China bunker oil export decreased to 7.74 million mt in Jan-Oct, 2016

China exported 7.74 million mt fuel oil in January-October, 2016, down by 480,000mt on-year or 5.84%. According to the analysis, China fuel oil export volume will continue to decline in the future as the international shipping market kept sluggish.

12-21-2016 16:15:25

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