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Shenghong receives consumption tax refund on naphtha

Guangzhou (JLC), August 30, 2024 – Shenghong Petrochemical has recently received a consumption tax refund of CNY4.33 million on naphtha.

08-30-2024 18:43:13

China's MTBE prices to rise on stronger fundamentals in Q3

Guangzhou (JLC), June 28, 2023--China's MTBE market is expected to strengthen in the third quarter of 2023 (Q3), driven by more demand and less supply.

06-28-2023 19:13:51

China oil products prices rebound on good market fundamentals

China oil products prices rose rapidly from last Friday on the back of bullish demand expectations and an atmosphere of tightening supply.

08-17-2022 18:09:18

Domestic diesel prices surge on better market fundamentals

Guangzhou (JLC), September 30, 2021--China’s wholesale diesel prices soared this week, as fundamentals improved further amid seasonally strong demand, also due to stronger crude.

09-30-2021 18:10:43

China’s oil product prices extend lower on weak fundamentals

Beijing (JLC), August 18, 2021--China’s gasoline and diesel prices extended drops as crude oil prices had fallen for a third session.

08-18-2021 16:12:03

Domestic gasoline and diesel prices edge down in July on weak fundamentals

Guangzhou (JLC), August 5, 2021--China’s gasoline and diesel prices fell slightly in July, when domestic supply was in surplus and demand has been dampened by extreme weather and resurging coronavirus.

08-05-2021 10:43:54

INE adds first foreign-funded tank for crude futures delivery

Beijing (JLC), February 26, 2021--China's Shanghai International Energy Exchange (INE) approved Qingdao Port Mercuria Storage as a delivery point for crude futures earlier this month, the first one invested by a foreign firm.

02-26-2021 11:41:30

China sees five price hikes in a row, despite weak fundamentals

China will raise the retail ceilings of gasoline and diesel on January 16, 2021, the fifth time in a row, tracking rising international crude prices, though domestic market fundamentals have weakened.

01-15-2021 11:38:39

Shandong refiners’ run rates slip amid weak fundamentals

Shandong-based independent refiners’ unit operating rates slipped in the first two weeks of October, as market fundamentals were weak amid a supply surplus.

10-14-2020 18:41:34

Shandong refiners’ run rates slip amid weak market fundamentals

Shandong-based independent refiners’ unit operating rates retreated modestly this week, as market fundamentals were weak amid a supply surplus and a lack of support from international crude.

09-02-2020 18:41:37

Ningbo supplies first batch of fuel oil under VAT refund

Ningbo's first batch of bonded low-sulfur fuel, amounting to 4,000 mt, was filled into the ship tanks on April 17, while Ningbo customs supervised.

04-21-2020 16:02:06

Dalian records first fuel oil deal with VAT refund

Guangzhou (JLC), February 14, 2020--Dalian customs in northeast China has recently recorded a bonded fuel oil deal with the refund of the value-added tax (VAT), the first one enjoying the refund in China, the customs announced.

02-14-2020 16:43:24

China to refund VAT on fuel oil supplied to intl. ships

Guangzhou (JLC), January 22, 2020--China will refund the value-added tax (VAT) on fuel oil supplied to international ships at Chinese ports as from February 1, 2020, according to an official announcement released on January 21.

01-22-2020 18:14:36

China to grant full refund of VAT on bonded fuel oil

Guangzhou (JLC), January 19, 2020--China has basically decided to grant a full refund of the value-added tax (VAT) on fuel oil to be delivered to bonded tanks, an industry source said.

01-19-2020 11:10:55

MTBE prices fall amid weak fundamentals

Beijing (JLC), December 25, 2019--Domestic MTBE prices fell from early-December level over the past couple of days, due largely to weak demand and abundant supply.

12-25-2019 10:23:41

MTBE prices rise on improved fundamentals

Beijing (JLC), December 9, 2019--Domestic MTBE prices rose in the week ended December 6, mainly helped by supply tightness and demand rally.

12-09-2019 16:56:13

Domestic MTBE prices rise on improved fundamentals

Beijing (JLC), August 20, 2019--Domestic MTBE prices have been rising since late June as the demand increased and the supply was short.

08-20-2019 11:42:19

MTBE prices stop rising amid weak fundamentals

Beijing (JLC), August 13, 2019--MTBE prices moved sideways after rising to high levels as from the start of August, because of soft market fundamentals and weakening international crude recently.

08-13-2019 10:09:35

Jointly-funded petrol stations expand in China

Beijing (JLC), July 25, 2019--Petrol stations jointly built by foreign companies and domestic ones are expanding in China, through which petrol stations can better withstand increasing competition.

07-25-2019 17:16:01

MTBE prices rise on improved fundamentals

Beijing (JLC), July 24, 2019--MTBE prices suddenly began to increase from the end of last week, largely because of demand rise and supply tightness.

07-24-2019 09:45:27

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