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China’s oil demand to peak around 2027: Sinopec

Guangzhou (JLC), December 23, 2024 – China's oil consumption is expected to peak around 2027, according to Sinopec’s China Energy Outlook 2060 (2025 version).

12-23-2024 18:37:05

China benzene imports remain high in Nov

Shandong (JLC), December 20, 2024—China’s benzene imports in November maintained at high levels, due to the closure of arbitrage window between the US and South Korea.

12-20-2024 17:57:21

Carbon black market prices down on weak fundamentals

Shandong (JLC), December 19, 2024--In the first half of December, the carbon black market prices trended downwards, undermined by falling costs and subdued demand.

12-20-2024 17:30:56

Alkylate margins rally in H1 December amid higher product prices

Beijing (JLC), December 20, 2024--As of December 15, margins of alkylate units in Shandong averaged minus CNY470/mt, up by 27.07% compared with the average margin in the second half of November.

12-20-2024 16:12:37

Independents’ refining margins for imported crude retreat

Guangzhou (JLC), December 19, 2024--Shandong-based independents’ refining margins for imported crude retreated this week, due to a rally in crude costs, despite a slight increase in sales revenue.

12-19-2024 14:25:58

Synthetic ammonia market lackluster on weak fundamentals

Shandong (JLC), December 18, 2024--Synthetic ammonia market was lackluster on the whole in the past days of December, pressured by weak fundamentals, in spite of maintenance in southwest China.

12-18-2024 18:31:00

China BPA industry sees capacity expansion and margin losses in 2024

Shandong (JLC), December 17, 2024—In 2024, China’s BPA industry saw continuous expansion of capacity and production margin losses weighed by tepid supply-demand fundamentals and high production costs,

12-17-2024 12:00:22

Sinopec to have more refinery maintenance in 2025

Guangzhou (JLC), December 16, 2024--Sinopec has scheduled more refinery turnarounds for 2025, while PetroChina will have less maintenance, according to their preliminary plans.

12-16-2024 18:16:12

Synthetic ammonia market prices down on the whole

Shandong (JLC), December 16, 2024--Synthetic ammonia market prices declined on the whole in the week during December 6-12, undermined by weak fundamentals and downward neighboring market.

12-16-2024 17:53:49

China PET bottle chip prices down amid weak demand, falling feedstock

Shandong (JLC), December 12, 2024 - China PET bottle chip prices moved down recently, pressured by weak demand and falling feedstock prices.

12-12-2024 16:12:47

China DOP margins climb on muted costs

Shandong (JLC), December 12, 2024--China DOP industry margins has been enlarged underpinned by the decrease in feedstock octanol prices, which has also driven up the capacity utilization rate of DOP m

12-12-2024 10:51:00

Independents’ refining margins for imported crude turn positive

Guangzhou (JLC), December 11, 2024--Shandong-based independents’ refining margins for imported crude turned positive this week, after ten consecutive negative weeks, as crude costs slid and downstream

12-11-2024 18:56:15

Shandong independents' run rates up on better margins

Guangzhou (JLC), December 11, 2024--Shandong independent refiners' operating rates rose slightly in the week to December 11 as refining margins improved further.

12-11-2024 18:49:12

China INE crude price rallies on signs of growing Chinese demand

Guangzhou (JLC), December 10, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) rebounded on Tuesday after data pointed to rising oil demand from China.

12-10-2024 19:02:28

Major Events in DOP Industry in 2024

Shandong (JLC), Dec 10, 2024--In 2024, several significant changes occurred in the DOP Industry.

12-10-2024 16:45:47

SOEs to slash December diesel output amid seasonally weak demand

Guangzhou (JLC), December 9, 2024--State-owned enterprises (SOEs) plan to cut their diesel production sharply in December 2024 when domestic demand turns seasonally weak.

12-09-2024 15:05:48

Independents’ crude refining margins rise again

Guangzhou (JLC), December 5, 2024--Shandong-based independents’ crude refining margins rose again in early December, thanks to slipping costs and growing sales revenue.

12-05-2024 14:08:30

Shandong independents' run rates up on improving margins

Guangzhou (JLC), December 4, 2024--Shandong independent refiners' operating rates rose modestly in the week to December 4 as refining margins improved further amid strengthening product prices.

12-04-2024 17:57:46

China’s first large Mark III type LNG carrier departs from Binhai

Beijing (JLC), December 4, 2024--“AL SHELILA”, China’s first large-sized LNG carrier equipped with the Mark III Flex membrane tank, set out on its first international voyage from Binhai to Singapore.

12-04-2024 17:11:21

Chinese SOEs to lower December crude runs as demand weakens

Guangzhou (JLC), December 3, 2024--Chinese state-owned enterprises plan to cut their crude throughput in December, as fuel demand becomes seasonally weak and their exports drop amid short quotas.

12-03-2024 18:32:28

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