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DES Shandong premiums for ESPO turn positive, first time in 2024

Guangzhou (JLC), September 24, 2024--The DES Shandong premiums for Russian ESPO Blend began to rise in mid-to-late August and turned positive on September 23, which could mainly be ascribed to increa

09-24-2024 18:24:00

Sluggish buying interest hurts December ESPO premiums

Guangzhou (JLC), November 10, 2023 – Premiums of ESPO cargoes on a DES Shandong basis have dropped recently due to limited buying interest amid poor refining margins, quota tightness.

11-10-2023 18:59:32

Independents slash crude imports from Russia as premiums rise

Guangzhou (JLC), September 15, 2023--Shandong-based independent refiners and traders slashed their crude imports from Russia in the first half of September, as their buying interest diminished amid s

09-15-2023 18:30:58

DES Shandong premiums of ESPO rise on tightening supply

Guangzhou (JLC), July 27, 2023--The DES Shandong premiums of Russian ESPO Blend have risen over the recent months, supported by growing demand and an expected decline in supply, while those of Russian

07-27-2023 18:36:01

DES Shandong premiums of Mideast crude slump on weak demand

Guangzhou (JLC), November 22, 2022--The DES Shandong premium of crude from the Middle East has slumped this month, because of soft demand from China.

11-22-2022 16:09:28

Imported crude premiums rangebound on slow market on Aug 5

Beijing (JLC), August 5, 2020--The premiums of major imported crude in Shandong ports still moved sideways Wednesday owing to weak demand, although offers from traders remained firm.

08-05-2020 17:07:17

Imported crude premiums increase on firm offers on Aug 3

Beijing (JLC), August 3, 2020--The premiums of major imported crude in Shandong ports were stable to higher Monday amid offers rebound, as the oil demand of many countries gradually recovered from COVID-19 pandemic.

08-03-2020 17:23:32

Imported crude premiums rangebound on quiet market on Jul 31

Beijing (JLC), July 30, 2020--The premiums of major imported crude in Shandong ports were stable Friday due to thin trading, as trading cycle of September laycans came to the end.

07-31-2020 17:22:33

Imported crude premiums rangebound on quiet market on Jul 28

Beijing (JLC), July 28, 2020--The premiums of major imported crude in Shandong ports were stable Tuesday due to muted market, as the demand of Shandong independent refiners was still weak and many market participants attended an industry conference in Qingdao, Shandong.

07-28-2020 17:45:32

Imported crude premiums rangebound on quiet marke on Jul

Beijing (JLC), July 22, 2020--The premiums of major imported crude in Shandong ports were stable Wednesday, as the demand from Shandong independent refiners were still muted amid high inventories at ports.

07-22-2020 17:24:41

Premiums mixed on weak demand and firm offers

Beijing (JLC), July 7, 2020--The premiums of major imported crude in Shandong ports were mixed Wednesday, as price ranges of Russian ESPO Blend crude, Brazilian Lula crude and Oman crude moved down due to weak demand.

07-01-2020 18:29:44

Premiums of imported crude in Shandong firm on growing demand

Beijing (JLC), March 17, 2020--The premiums of the main imported crude in Shandong ports have firmed recently.

03-18-2020 09:17:00

ESPO premiums hit 6-month high on robust demand from Shandong

Guangzhou (JLC), April 17, 2019--An independent refiner in Shandong has just bought a cargo of ESPO Blend at a premium of $4/bbl over Dubai crude, the highest in the past six months amid robust demand, market sources said.

04-17-2019 18:31:41

China's first LTAG unit produces over 100,000 mt of premium gasoline

Beijing (JLC), March 13, 2019--Sinopec Yangtze Petrochemical's light cycle oil to aromatics and gasoline unit (LTAG) unit has produced over 100,000 mt of premium gasoline since it came online on September 30, 2018, Sinopec announced on its official news website on Tuesday.

03-13-2019 17:56:18

Rio seeks iron ore premium from China mills in likely pricing war revival

Australian miner Rio Tinto is asking Chinese steel mills to pay a premium for its highest grade iron ore product for the first time since an annual pricing system collapsed in 2010, two sources familiar with the situation said.

11-30-2016 15:54:22

Teapots feedstock remained stable due to the limited premium

On August 11th, international crude oil closing on a downtrend which impacted the market sentiment. Shandong teapots products’ prices moved in downtrend within a stable range, and the trading atmosphere weakened.

08-15-2016 11:44:49

Forward-month steam coal contract shows a widening premium over the near-month

The steam coal futures market is expected to extend the uptrend in the medium term owing to sustaining supply-side reform. Investors are suggested to increase long positions properly at low prices.

07-07-2016 14:47:03

Rotterdam LSFO bunker premiums surge on limited prompt availability

Rotterdam-delivered low sulfur fuel oil (LSFO) bunker premiums surged on a lack of prompt availability in the ports of Rotterdam and Antwerp, traders said.

12-17-2014 10:24:33

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