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China teapots run rate to move down by 0.33 percentage point to 55.56%

According to JLC statistics from 40 Shandong teapots, up to July 12th, 2017, the CDU run rate inched down by 0.33 percentage points WoW to 55.56%.

07-13-2017 19:31:21

China teapots' usage quota of imported crude oil ushers in Hubei Jinao

Imported feedstock plays an important role for teapots, especially the imported crude oil. Jinao (Hubei) Science & Technology Chemical Industry Co., Ltd was qualified for using import crude oil 2.3 million mt/yr preliminarily.

03-17-2017 18:30:03

China teapots' 1st batch of imported crude oil quotas in 2017 were slashed

On January 18th, 2017, China the first batch of crude oil import volume for non-sated trade which received much concern and controversial was issued by Ministry of Commerce with 68.81 million mt.

01-20-2017 14:42:58

China teapots' first overseas acquisition completed in Malaysia

China teapots’ first overseas acquisition completed in Malaysia

12-28-2016 14:30:20

China teapots favor crude from Middle East instead of Russia

Energy Aspects said, in July China independent refiners imported crude positively, from 0.95 million barrels per day in June to 1 million barrels per day, far less than the peak in April and May about 1.5 million barrels per day.

08-11-2016 17:15:16

China teapots buy 2 mln bbl crude from Iran

National Iranian Oil international division principle Mohsen Qamsari said recently, China independent refiners had bought 1 million barrels crude from Iran, and he pointed out this was the largest and surest sales contract between Iran and China independent refiners.

08-05-2016 11:16:52

South China teapots run rate remains low despite Zhuhai Huafeng restart

CDU with 1 million mt/yr of Zhuhai Huafeng restarted on July 3rd, and it had produced oil products without pricing.

07-06-2016 11:32:15

China teapots are expected to get more import quotas

Shandong Dongming Petrochemical vice president Zhang Liucheng said on 1st June that China might approve more crude import quotas in teapots. It is predicted that the total import quota will be close to 2million bbl/day as of late 2016.

06-15-2016 16:17:23

China teapots supported crude demand

According to foreign media reports, a large number of tankers were waiting more than two weeks to unload crude oil in Qingdao Port, which caused by the surge in crude imports in teapots.

06-07-2016 14:09:03

China teapots imported crude 1.2 mln bbl/d in April

In April, the independent refineries’ crude import volume might reach 1.2 million barrels per day, a sharp increase from 0.85 million barrels per day in March.

05-13-2016 15:49:05

China Teapots Turnaround Status in 2016

05-05-2016 16:24:12

South China teapots maintained low run rates amid limited favorable news

According to the investigation by JYD, only Panyu Huahong started operation this week in 15 teapots in Southern China. According to the data from JYD, as of April 13th (this Wednesday), the operating rate of refineries in Southern China was 1.51%, which was unchanged from the previoust week.

04-13-2016 17:55:37

Most China Teapots can finish crude import target within 2015

Dongying City Government had requested that Kenli Petchem, Yatong Petchem and Lijin Petchem should import around 400-540 thousand mt of crude respectively in 2015. Every mentioned teapot except for Kenli Petchem can finish the target assigned by Dongying City Government.

12-08-2015 16:48:48

Crude Import Right Boost China Teapots Capacity

Some of China teapots expanded their capacity in H2 of 2015 attempting to gain crude import right, as China released the control of crude import right to teapots. And the total teapot capacity in China reached a historical peak in 2015 with an increase of 18.59% from the previous year.

11-20-2015 10:24:33

China Teapots Prefer to Crude Feedstock

More and more China teapots prefer to Crude as feedstock , as China released the control of crude import right to teapots. Import fuel oil, China teapots’ major feedstock in the past, replaced by cutback bitumen early and crude recently, and will shrink further in recent years.

11-20-2015 09:59:41

China teapots' fate to diverge if crude oil import rights are opened

The development of the teapots will polarize: some powerful large and medium-sized private refineries will be increasingly strong, while the small teapots might risk being merged or going bankruptcy.

03-16-2015 18:15:55

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