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New York international crude price fell on October 25th due to inventory growth

New York crude price declined on October 25th as US Energy Information Administration released a report the same day which showed that the United States national commercial crude inventory increased by 856,000 barrels last week, compared with previous expectation of cutting 2.5 million barrels.

10-27-2017 08:51:43

Producing MTBE margin was poor due to high cost

Processing MTBE margin remained low or even negative as C4 Raffinate-2 and other feedstock prices showed mixed changes, leading to high cost, although MTBE price inched up after National Day holiday.

10-26-2017 16:40:27

MTBE run rate declined amid risk-avoiding sentiment

According to JLC statistics, up to October 25th, domestic independent refineries’ MTBE unit run rate fell by 0.85% to 47.31%, compared with that in the week before National Day holiday, among which isomerization-based unit run rate was 29.44%, the same as that before National Day holiday;

10-26-2017 16:35:49

Bunker fuel margin in East China increased slightly due to shale oil price slump

Earlier in October, Russian news agency reported that OPEC and non-OPEC oil-producing countries would hold a meeting again in a few days to discuss crude output cut deal extension and other issues.

10-26-2017 10:28:55

Domestic heavy oil market turned better in October due to demand recovery

In October, domestic heavy oil price in independent refineries increased on month as international crude price moved sideways at high levels. However, the increase was limited amid small demand growth.

10-25-2017 18:07:23

Fuel oil exports increased from January to August due to growing bonded bunker demand

According to General Administration of Customs of the PRC, China exported 7.0361 million mt of fuel oil during the first eight months in 2017, up 683,500 mt or 10.76% year on year, and among which bonded bunker accounted for the main part.

10-25-2017 17:56:08

Imported aromatics’ future is in the balance with continued poor demand

Since late September 2017, imported aromatic theoretical cost has continued to increase and traders are facing cost pressure as imported aromatics’ premium remains at $26.5/mt and Brent price rises.

10-23-2017 09:18:58

Coking unit’s margin increased by CNY46/mt WoW to CNY531/mt

The theoretical profit of processing light offshore crude of independent refineries reached CNY375/mt, up CNY15/mt week on week as sales revenue increased slightly this week.

10-19-2017 09:54:47

CDU run rate in China besides Shandong fell to 49.71%

According to JLC statistics from 40 Shandong independent refineries, up to October 18th, 2017, the CDU run rate rose to 63.34%, up 0.53 percentage point week on week as Kenli Petrochemical restarted and other independent refineries operated normally in this week.

10-19-2017 09:32:48

China fuel oil imports recorded a new high in August due to imports surge from Indonesia

According to General Administration of Customs of the PRC, China's fuel oil imports in August 2017 reached 1.3556 million mt, up 46.38%, or 429,500 mt month on month. China's fuel oil exports in August 2017 reached 1.1699 million mt, up 11.02%, or 116,100 mt month on month.

10-17-2017 10:12:45

Producing MTBE margin remained low due to continued feedstock price growth

In the week ended September 29th, producing MTBE margin kept low, as C4 Raffinate-2 and other feedstock prices rose, leading to growing cost, while the MTBE market price hike was small.

10-09-2017 17:17:21

The apparent consumption of China fuel oil rose 13.19% MoM to 2.3469 million mt in August

The apparent consumption in August grew greatly, as China fuel oil imports increased by 429,500 mt or 46.38% on month to 1.3556 million mt.

10-09-2017 17:09:19

Refined product import arbitrage showed mixed changes

According to JLC import and export arbitrage data, gasoline and diesel import arbitrage from Singapore to China showed mixed changes from September 1st to 26th, as domestic gasoline and diesel market moved up greatly, while Singapore gasoline and diesel market was mixed.

10-09-2017 09:26:08

Processing Shengli crude profit increased by CNY80/mt amid diesel price hike

The theoretical processing light offshore crude profit of independent refineries reached CNY237/mt, up CNY27/mt week on week as downstream product price gain was high in this week, although light offshore crude price grew in line with international crude price.

09-21-2017 16:19:21

Run rate in Shandong rose to 63.7% amid processing volume recovery

According to JLC statistics from 40 Shandong independent refineries, up to September 20th, 2017, the CDU run rate rose to 63.7%, up 2.71 percentage points week on week as the independent refineries that restarted before operated normally in this week.

09-21-2017 16:01:27

Vacuum residual oil market showed mixed changes amid supply and demand imbalance

Recently, independent refineries vacuum residual oil market showed mixed changes. High-quality low-sulfur vacuum residual oil price was high due to tight supply, while medium sulfur vacuum residual oil market trading was flat with transaction price falling amid ample supply and poor demand.

09-21-2017 14:14:00

Refined product import arbitrage showed mixed changes

According to JLC import and export arbitrage data, gasoline and diesel import arbitrage from Singapore to China showed mixed changes in the first half of September.

09-21-2017 08:40:09

MTBE producing margin kept low as MTBE transaction price hike was restricted

In the week over September 11-15, MTBE producing margin kept low as MTBE transaction price hike was restricted and cost remained high. According to JLC, the weekly theoretical profit of isomerization-based MTBE unit averaged CNY140/mt, up CNY36/mt on week;

09-20-2017 14:51:23

Offshore light crude price increased by CNY50/mt WoW to CNY3,450/mt

The theoretical processing light offshore crude profit of independent refineries reached CNY211/mt, up CNY2/mt week on week as offshore crude price increased, while downstream sales revenue grew.

09-14-2017 13:46:57

Run rate in Shandong rose to 60.99% as more independent refineries restarted

According to JLC statistics from 40 Shandong independent refineries, up to September 13th, 2017, the CDU run rate rose to 60.99%, up 3.27 percentage points week on week as more independent refineries restarted.

09-14-2017 13:39:57

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