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China INE crude price rises further on large US crude stock draw

Guangzhou (JLC), June 19, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) extended gains on Thursday after the Energy Information Administration (EIA) reported

06-19-2025 19:06:59

Sinopec founds new petrochemical company in Tianjin

Guangzhou (JLC), June 19, 2025--Sinopec established a new petrochemical company in Tianjin City's Binhai New Area on June 16, 2025, according to Qichacha, an online database of Chinese companies.

06-19-2025 18:43:58

Crude stocks at Shandong ports drop as consumption rebounds

Guangzhou (JLC), June 19, 2025--The stocks of crude, fuel oil and diluted bitumen at Shandong ports dropped in the week ending June 19, as local independent refiners’ consumption rebounded.

06-19-2025 18:37:42

State-owned refinery run rate extends rises on restart

Guangzhou (JLC), June 19, 2025--Chinese state-owned oil refineries' run rates extended rises in the week ending June 18, as Sinopec Tianjin Petrochemical restarted a CDU.

06-19-2025 18:20:54

China’s PP supply pressure eases on lower operating rate

Shandong (JLC), June 19, 2025--In the first half of 2025, the operating rate in China’s PP industry fluctuated downwards, with an average rate of 76.22%.

06-19-2025 16:54:04

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

Wenjisang UGS cluster takes in over 300 mln cbm of gas this year

Shandong (JLC), June 19, 2025--PetroChina Tuha Oilfield Company injected more than 300 mln cbm (million cubic meters) of natural gas into Wenjisang underground gas storage (UGS) cluster this year.

06-19-2025 14:57:00

Synthetic ammonia market sees persistent sluggishness

Shandong (JLC), June 19, 2025--In recent days, China’s synthetic ammonia market experienced downturn amid softening cost, ample supply, and subdued demand.

06-19-2025 14:32:54

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

China INE crude price surges amid ongoing Iran-Israel conflict

Guangzhou (JLC), June 18, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) jumped on Wednesday as the conflict between Iran and Israel continued, raising concer

06-18-2025 19:03:43

PetroChina Guangdong’s 98-RON gasoline output surges 27% in May

Guangzhou (JLC), June 18, 2025--PetroChina Guangdong Petrochemical produced about 28,000 mt of national standard 98-RON gasoline in May, surging by 27% month on month, PetroChina said on its news web

06-18-2025 19:03:29

China’s fuel oil imports continue to slump in May

Guangzhou (JLC), June 18, 2025--China’s fuel oil imports continued to slump in May, because of slipping demand from domestic refiners and higher import costs.

06-18-2025 18:50:30

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’s SBS unit operating rate up in May

Shandong (JLC), June 18, 2025--In May, the operating rate of SBS producers was 64.57%, up 5.68% month on month and up 18.89% year on year.

06-18-2025 17:14:20

China's naphtha imports hit new high in May 2025

Guangzhou (JLC), June 18, 2025--China’s naphtha imports set a new high in May as its demand was growing amid more startup of steam crackers.

06-18-2025 17:05:14

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

PetroChina injects over 20 bcm of gas into Xiangguosi UGS

Shandong (JLC), June 18, 2025--As of June 8, more than 20 bcm (billion cubic meters) of natural gas has been injected into the Xiangguosi underground gas storage (UGS) facility.

06-18-2025 16:21:35

Natural gas transmission to Yangtze River Delta via China's West-to-East pipeline hits 550 bcm

Beijing (JLC), June 18, 2025--As of June 5, the west-to-east gas transmission project has delivered 550 billion cubic meters (bcm) of natural gas to Yangtze River Delta.

06-18-2025 16:16:41

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