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Independents' refining margins for imported crude rebound sharply

Guangzhou (JLC), July 3, 2025--Shandong-based independents' refining margins for imported crude rebounded sharply in the week to July 2, driven up by a plunge in crude costs.

07-03-2025 14:45:56

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

Propylene market to keep range-bound at high level

Shandong (JLC), June 30-The propylene prices may fluctuate around a high level of CNY6,800-7,000/mt.

06-30-2025 15:15:25

Deep Sea No.1 Phase II comes online

Shandong (JLC), June 27, 2025--The Phase II project of Deep Sea No. 1 came into full operation, marking the completion of the development project of China's largest offshore gas field.

06-27-2025 16:39:13

China PP market depressed by lower cost, weak demand in Q2

In the second quarter of 2025 (Q2, 2025), the PP prices fell after a V-shaped trend. And the whole market was depressed by low crude price and weak demand.

06-26-2025 17:52:49

Independents' crude refining margins grow in late June

Guangzhou (JLC), June 26, 2025--Shandong-based independents' crude refining margins grew in late June, as their sales revenue increased.

06-26-2025 15:43:19

China epoxy resin imports unchanged in May

Shandong (JLC), June 26, 2025—In June 2025, China’s epoxy resin imports remained flat from last month, while the exports registered continuous growth due to the price advantage of home-made cargoes.

06-26-2025 15:08:44

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

Indian BIS certification extension to keep China’s PVC exports decent

Shandong (JLC), June 23, 2025--The BIS certification policy for PVC imports in India has been extended again, which will help China maintain its strong PVC export momentum in the following months.

06-23-2025 18:35:24

SVR3L market price goes range-bound on meagre supply and tepid demand

Shandong (JLC), June 19, 2025—China’s SVR3L market price went range-bound in June. Traders were reluctant to sell SVR3L given its meagre supply and thin margins. Besides, during the current lull in de

06-19-2025 16:31:31

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

Independents' refining margins for imported crude plunge

Guangzhou (JLC), June 19, 2025--Shandong-based independents saw a plunge in their refining margins for imported crude in mid-June, mainly due to a surge in crude costs.

06-19-2025 14:22:36

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

PetroChina Jilin preparing 1.2 mln mt/yr ethylene plant for startup

Guangzhou (JLC), June 18, 2025--PetroChina Jilin Petrochemical successfully ignited the No. 1 cracking furnace of its 1.2 million mt/yr ethylene plant on June 13。

06-18-2025 18:11:41

China PFY operating rate keeps high in H1 2025

Shandong (JLC), Jun 18, 2025--In the first half of 2025, the polyester filament yarn (PFY) industry maintained a high operating rate, with an average operating rate consistently above 88%, an increase

06-18-2025 17:04:00

China PP prices keep low on weak fundamentals, despite support of macro environment

06-17-2025 17:01:04

Independents’ refining margins for imported crude retreat

Guangzhou (JLC), June 12, 2025--Shandong-based independents’ refining margins for imported crude retreated in the week to June 11 as crude costs rebounded, despite an increase in their sales revenue.

06-12-2025 14:13:35

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

Sinopec Hunan’s jet fuel pipeline terminal station passes acceptance

Guangzhou (JLC), June 10, 2025--The terminal station project of the jet fuel pipeline linking Hunan Petrochemical to Changsha Huanghua International Airport has passed the completion acceptance, China

06-10-2025 15:32:17

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