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Independents’ refining margins for imported crude turn negative

Guangzhou (JLC), January 9, 2025--Shandong-based independents’ refining margins for imported crude turned negative in the week to January 8, dampened by rising crude costs.

01-09-2025 14:27:43

Shandong independents' run rates slip amid negative margins

Guangzhou (JLC), October 23, 2024--Shandong independent refiners' operating rates slipped in the week to October 23 due to lingering negative margins and an upcoming refinery turnaround.

10-23-2024 18:40:56

Shandong independents' run rates slip as margins turn negative

Guangzhou (JLC), September 25, 2024--Shandong independent refiners' run rates dropped again in the week to September 25 as the refining margins for imported crude plunged into negative territory.

09-25-2024 17:52:19

Independents’ refining margins for imported crude turn negative

Guangzhou (JLC), September 25, 2024--Shandong-based independents’ refining margins for imported crude plunged significantly and turned negative in late September, due to higher crude costs and lower s

09-25-2024 17:27:22

Independents’ refining margins for imported crude turn negative

Guangzhou (JLC), June 26, 2024--Shandong-based independents’ refining margins for imported crude turned negative in late June, dampened by further rises in crude costs.

06-26-2024 17:08:53

Independents’ refining margins for imported crude turn negative

Guangzhou (JLC), March 21, 2024--Shandong-based independents’ refining margins for imported crude retreated and turned negative again this week, dragged down by rising costs.

03-21-2024 17:16:38

Independents’ refining margins for imported crude turn negative

Guangzhou (JLC), February 28, 2024--Shandong-based independents’ refining margins for imported crude turned negative in late February, as crude costs climbed further and prices of most oil products f

02-28-2024 17:11:05

Shandong independents’ refining margins for imported crude turn negative again

Guangzhou (JLC), December 21, 2022--Shandong-based independents’ refining margins for imported crude plunged sharply and turned negative again this week, because of an increase in import costs and a f

12-21-2022 17:20:02

Independents’ refining margins for imported crude slump to negative

Guangzhou (JLC), November 2, 2022--Shandong-based independents’ refining margins for imported crude took a nosedive into negative territory this week, as import costs increased rapidly and most downst

11-02-2022 19:21:48

Independents' refining margins for imported crude turn negative again

Guangzhou (JLC), Jul 20, 2022--Shandong-based independent refiners’ refining margins for imported crude retreated into negative territory again as oil product prices extended declines this week.

07-20-2022 19:37:27

Shandong independents' refining margins stay negative under cost pressure

Guangzhou (JLC), Jun 15, 2022--Shandong-based independent refiners’ refining margins were still negative on high costs this week when crude prices recorded another uptick due to supply concerns.

06-15-2022 20:00:38

Shandong independents' refining margins turn negative

Guangzhou (JLC), March 10, 2022--Shandong-based independent refiners’ refining margins plunged sharply and turned negative this week, mainly due to the upsurging crude prices amid escalating supply wo

03-10-2022 18:24:53

Shandong independents’ run rates hit 2-year low on negative margins

Guangzhou (JLC), March 9, 2022--Shandong-based independent refiners have cut their operating rates to a two-year low this week as their refining margins tumbled amid surging costs.

03-09-2022 18:52:41

China oil product export margins remain negative in H1 July

Beijing (JLC), July 20, 2021—Arbitrage margins of China's oil product exports to Singapore stayed in negative territory in the first half of July, as domestic gasoline and diesel prices remained higher.

07-20-2021 15:51:21

Shandong independents’ margins move further negative

Shandong-based independent refiners saw larger refining losses for the week ended January 20, following higher feedstock costs.

01-21-2021 18:31:08

Margins for imported crude turn negative

The refining margins for imported crude of Shandong independent refiners moved to negative territory this week as feedstock costs continued to rise.

07-16-2020 19:11:22

Margins for MTBE import turn negative

Beijing (JLC), March 25, 2019--The margins for importing MTBE from Singapore to China have been negative since March, largely because of rising prices in Singapore and weak ones in China, JLC data shows.

03-25-2019 17:43:14

Margins for gasoline import turn negative, export margins improve

The margins for importing gasoline from Singapore to China turned negative in the middle of March, while negative margins for exports improved as prices in Singapore climbed, JLC data shows.

03-22-2019 13:41:08

Shandong crude refining margins turn negative

Beijing (JLC), November 2, 2018--Shandong-based independent refiners saw negative crude refining margins in the week ending October 31, as oil product prices plunged.

11-02-2018 10:22:00

Imported mixed aromatics prices to inch up, but profits negative

Beijing (JLC), August 23, 2018--Traders pushed up imported mixed aromatics prices since the beginning of August, but the profits remained negative, due to ample supply and sluggish demand.

08-23-2018 18:18:12

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