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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

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

NDRC makes latest response to power rationing

Beijing (JLC), September 30, 2021--The power rationing in some areas of China has aroused Chinese society’s worries about the energy supply in winter. Regarding these, China’s National Development and Reform Commission (NDRC) made the latest response.

09-30-2021 18:09:09

Oman surpasses ESPO among Shandong feedstock arrivals in early Sept

Guangzhou (JLC), September 10, 2021--The volumes of Oman crude arriving at Shandong ports for independent refiners surpassed those of ESPO in early September, JLC's preliminary shipping fixtures show.

09-10-2021 18:39:48

Shandong independents receive more ESPO in June

Guangzhou (JLC), July 9, 2021--Independent refiners and traders had more cargoes of ESPO from Russia shipped to Shandong ports in June, JLC’s shipping fixtures show.

07-09-2021 16:12:48

Imported crude market weakens on ESPO decline on Jul 17

Beijing (JLC), July 17, 2020--The premiums of major imported crude in Shandong ports moved down Friday, as sale tender price of Russian Surgutneftegaz' September ESPO Blend crude was much lower than the previous.

07-17-2020 17:30:52

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

ESPO and Lula are popular among Shandong independents in Feb

Russian ESPO and Brazilian Lula were still the popular crude among Shandong-based independent refineries in February, JLC shipping data shows.

03-13-2019 14:17:59

Shandong refiners still prefer to refine ESPO

Russian ESPO still ranked the topJLC expects that in the case of many feedstock inventory to be consumed and February for the Chinese Lunar New Year, the crude arrivals of the independent refineries in February will drop significantly.

02-20-2019 14:40:56

China still the largest buyer for Russian crude, especially ESPO

China is surpassing Europe as the largest buyer for Russian crude, as America and the Middle-East countries export more crude to Europe to taking up more market shares when Russia doubling crude exports to China in early year against the previous year.

07-31-2018 13:46:26

Shipping companies need to take active measures to response sulfur emission restriction

Environmental protection is a global trend, so the implementation of global Sulfur Removal Regulations will be inevitable in 2020. Only when traders take measures actively to response the changes instead of waiting for the delayed policy, can unnecessary loss be avoided.

03-29-2018 11:55:28

Russia ESPO exports to China by pipeline to rise 57% in Q1 2018

Russia would raise the ESPO imports to China in the first quarter of 2018 by 57% against the fourth quarter in 2017 to 6.7 million mt by Skovorodino-Mohe Pipeline.

12-21-2017 14:54:30

Responsible persons in Anhui were urged to facilitate seepage-proofing transformation

Anhui Provincial Environmental Protection Agency and Department of Commerce met with Sinopec/PetroChina Anhui Marketing Company responsible persons recently to urge them to finish the seepage-proofing transformation of oil tanks underground, or they will be punished in January 2018

12-18-2017 11:06:32

Thai government plans to buy natural rubber again in response to the sluggish market.

The natural rubber price kept declining in the past days of 2017, and the supply & demand fundamentals showed no trace of improvement. Although the price of natural rubber at the beginning of 2016 was even lower than the current price, the purchasing price

07-19-2017 16:16:35

What responses will PP market have after the FED raised the federal funds rate?

On June 14th, the FED published the federal funds rate increased by 25 basis points to 0.25%. This is second time for interest rate increase in 2017 and it meets the expectation of the public and insiders.

06-15-2017 17:18:18

Active responses of oil producers propped up crude futures

12-28-2016 11:26:43

MOC: China to restrict North Korean coal import in response to UN Security Council's call

The Ministry of Commerce of the PRC (MOC) and the General Administration of Customs of the PRC announced to take restrictive measures on some products exported to and imported from North Korea under the Foreign Trade Law of the PRC and in react to the UN Security Council’s Resolution 2321.

12-26-2016 18:02:18

Agricultural film companies’ response toward the surge of PE feedstock

The film production and feedstock demand became people’s focus along with the price surge of film feedstock. After communicating with some film companies, let’s have an analysis on their operations.

10-17-2016 17:34:52

Different responses to the high level of propylene prices

The downstream products prices were not satisfactory amid the high propylene quptation. The chart below shows the prices of propylene and its downstream products.

08-24-2016 15:13:32

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