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Independents' refining margins for imported crude retreat

Guangzhou (JLC), September 18, 2025--Shandong-based independents' refining margins for imported crude retreated in mid-September, due to a rally in crude costs, despite slightly higher sales revenue.

09-18-2025 11:07:07

Shandong independents' run rates hit nine-month high

Guangzhou (JLC), September 17, 2025--Shandong independent refiners' operating rates increased further in the week to September 17, hitting a new high in about nine months, JLC’s data shows.

09-17-2025 18:52:30

Shandong independents' run rates rise for fifth straight week

Guangzhou (JLC), September 10, 2025--Shandong independent refiners' operating rates continued to grow in the week to September 10, the fifth gain in a row, after a refiner in Heze wrapped up maintenan

09-10-2025 18:51:16

Shandong independents' run rates rise further in early September

Guangzhou (JLC), September 3, 2025--Shandong independent refiners' operating rates continued to grow in the week to September 3, still supported by unit restarts.

09-03-2025 18:51:36

Shandong independents' run rates rise for third straight week

Guangzhou (JLC), August 27, 2025--Shandong independent refiners' operating rates continued to grow in the week to August 27, the third gain in a row, because of unit restarts.

08-27-2025 18:56:03

Shandong independents' run rates extend gains on unit restarts

Guangzhou (JLC), August 20, 2025--Shandong independent refiners' operating rates continued to rise in the week to August 20, due to more unit restarts.

08-20-2025 19:08:00

Shandong independents' run rates rebound on unit restart

Guangzhou (JLC), August 13, 2025--Shandong independent refiners' operating rates rebounded in the week to August 13, following the restart of a refinery in Dongying.

08-13-2025 19:00:00

Shandong independents' run rates retreat on maintenance

Guangzhou (JLC), August 6, 2025--Shandong independent refiners' operating rates retreated in the week to August 6, mainly due to Dongming Petrochemical’s refinery overhaul.

08-06-2025 19:16:54

Shandong independents' run rates up as restarts counter maintenance

Guangzhou (JLC), July 30, 2025--Shandong independent refiners' operating rates extended rises in the week to July 30 when Haike Ruilin Chemical ratcheted up its throughput after coming back online.

07-30-2025 19:04:27

Independents' crude refining margins weaken in late July

Guangzhou (JLC), July 30, 2025--Shandong-based independents' refining margins for imported crude weakened in late July, due to higher crude costs and lower sales revenue.

07-30-2025 18:50:46

Shandong independents' run rates rise on more unit restarts

Guangzhou (JLC), July 23, 2025--Shandong independent refiners' operating rates extended rises in the week to July 23, mainly because of more unit restarts.

07-23-2025 19:04:25

Shandong independents' run rates rebound modestly

Guangzhou (JLC), July 16, 2025--Shandong independent refiners' operating rates rebounded modestly in the week to July 16, mainly as Qirun Chemical ratcheted up its throughput after restart.

07-16-2025 18:37:32

Shandong independents' run rates retreat amid maintenance

Guangzhou (JLC), July 9, 2025--Shandong independent refiners' operating rates retreated in the week to July 9, as the maintenance of a refiner in Dongying counteracted the restart of another one.

07-09-2025 18:59:53

Independents' refining margins for imported crude widen in H1 2025

Guangzhou (JLC), July 7, 2025--Shandong-based independents' refining margins for imported crude improved in the first half (H1) of 2025, due to a relatively large decrease in feedstock costs.

07-07-2025 15:42:27

Shandong independents' run rates rally on unit restart

Guangzhou (JLC), July 2, 2025--Shandong independent refiners' operating rates rebounded in the week ending July 2, driven by the restart of a refinery in Weifang.

07-02-2025 18:38:36

Shandong independents' run rates retreat on maintenance

Guangzhou (JLC), June 25, 2025--Shandong independent refiners' operating rates retreated in the week ending June 25 due to more unit maintenance.

06-25-2025 18:23:46

CNOOC Daxie Petchem starts importing crude independently

Guangzhou (JLC), June 19, 2025--CNOOC Ningbo Daxie Petrochemical received its first batch of imported crude oil through independent procurement on June 11 since its establishment 23 years ago.

06-19-2025 16:09:58

Shandong independents' run rates rebound on unit restarts

Guangzhou (JLC), June 18, 2025--Shandong independent refiners' operating rates rebounded in the week ending June 18, putting an end to 11 weeks of drops, because of unit restarts.

06-18-2025 18:36:01

Shandong independents' run rates drop for 11 weeks in a row

Guangzhou (JLC), June 11, 2025--Shandong independent refiners' operating rates extended falls in the week ending June 11, the 11th week in a row, amid peak maintenance.

06-11-2025 18:30:39

Chinese independent refiners’ operating rate drops modestly in May

Guangzhou (JLC), June 11, 2025--Chinese independent refiners' operating rate fell modestly in May 2025 when unit maintenance grew amid seasonally weak demand.

06-11-2025 16:00:13

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