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LPG demand keeps firm in 2018

Profit of LPG used in chemical sector was higher than that in LPG trade sector in 2017. According to JLC, profits of imported LPG for trade only averaged CNY130-150/mt in 2017.

02-27-2018 09:48:49

Factors impacting methanol market after the holiday

After the Chinese New Year holiday (February 15th-Febraury 21st, 2018), China methanol market performed weakly.

02-26-2018 17:08:42

LPG price movement after the holiday

After the Chinese New Year holiday (February 15th-February 21st, 2018), users in northern China replenished LPG in advance while users in southern China acted slowly.

02-26-2018 11:32:15

Alkylation unit of Liaoning Hualu comes online

According to JLC, 160,000 mt/yr alkylation unit of Liaoning Hualu Special Asphalt Co., Ltd (short as “Liaoning Hualu”) came online on February 23rd, 2018. The company released 400 mt alkylated oil per day and 1-2 trucks of residential LPG per day.

02-26-2018 10:25:53

LNG price not to rise further on lower-than-expected demand

According to JLC, LNG market in northern China witnessed another round of price rise due to low liquid levels of LNG plants in Shaanxi and Inner Mongolia.

01-24-2018 13:47:36

Shandong butane price undergoes an up-then-down trend in January 2018

In early January 2018, butane market moved upward. Only from January 12th to 15th, n-butane price surged above CNY5,000/mt and iso-butane price rose above CNY6,000/mt. While from January 16th, n-butane market moved downward.

01-24-2018 09:40:42

Lower temperature to drag Northwest China LPG market

Lower temperature in early January affected Northwest China LPG market greatly.

01-24-2018 09:37:06

Sinopec Marketing Company sells 10 million mt LPG in 2017

According to information released by Sinopec, Sinopec Marketing Company sold 10.15 million mt LPG in whole 2017, hitting record high.

01-23-2018 10:20:22

Methanol spot price in East China falls

In the third week of January, methanol spot price in East China fell. To noon of January 16th, methanol spot price in Jiangsu plunged by CNY400-430/mt from January 12th or 10% to CNY3,300/mt.

01-18-2018 16:33:58

Major state-owned companies dominate in China imported LNG market

According to JLC, there are 18 LNG receiving terminals operating in China with imported LNG receiving capacity totaling 56.9 million mt/yr, about 79.66 billion cubic meter meters.

01-18-2018 14:50:21

Shandong propane price rose in early January 2018

Shandong propane price rose from the beginning of January 2018 to January 7th. Then the price edged down. After January 11th, 2018, propane price in Shandong market rose again. Up to January 16th, 2018, prevailing propane deal price in Shandong was CNY5,250-5,320/mt.

01-18-2018 09:57:59

Imported LPG cargoes are delayed on navigation closure of Yangtze Estuary

The Panama-registered oil tanker SANCHI exploded and sank in the East China Sea on January 14th, 2018, eight days after it collided with a Hong Kong-registered cargo ship and burst into flames. 32 crew members were missing.

01-17-2018 17:32:48

Natural gas price falls, gas-fed methanol units to restart

From middle November 2017, natural gas price surged as natural gas supply was short amid implementation of “shifting from coal-burning to gas-burning”.

01-17-2018 15:41:47

China imported LPG market performs well in early and middle January

China imported LPG market in late January 2018 stays decent. Profit of LPG deep processing industry has been more than CNY1,200/mt. Despite intensive imported LPG cargo arrivals, profit of imported LPG for trade keeps good and imported LPG is also sold well.

01-17-2018 10:15:41

Time schedule for chemical products logistics before the Spring Festival holiday

01-16-2018 16:19:33

LNG heavy duty truck market is still promising in 2018

According to JLC, China LNG heavy duty truck sales in Q4 2017 fell due to natural gas shortage and rising natural gas price. However, in whole 2017 about 60,000 China LNG heavy duty trucks were sold, hitting high record since 2014.

01-16-2018 15:11:53

China domestic etherified C4 price surges

From the beginning of 2018, China domestic etherified C4 prices rose. On January 12th, etherified C4 price in Shandong rose by CNY200/mt. China domestic etherified C4 price rose over CNY200/mt from the end of December 2017. Etherified C4 average price in Shandong even rose by CNY600/mt higher.

01-16-2018 11:44:05

Imported LPG is badly needed in Northeast China

According to JLC, LPG imports of East China and South China in 2017 accounted for 80% of the total. And LPG imports of Northeast China only took 0.015% share, the lowest level among different regions in China.

01-16-2018 10:33:14

LPG imports of Northwest China in 2017 decrease from 2016

According to customs data, China LPG imports totaled 16.857 million mt up to November 2017 with 171,900 mt imported by Northwest China, down 2.99% YoY. Despite large geographical range, there are only two ports in Xinjiang and Inner Mongolia respectively importing LPG.

01-16-2018 09:45:08

China’s PNG imports from Turkmenistan increases

Up to December 27th, 2017, Turkmenistan had delivered 100 million cubic meters of natural gas to China, up 30 million cubic meters from the previous period when natural gas supply from Turkmenistan to China decreased.

01-11-2018 16:32:30

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