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Shandong independents' crude refining margins rally sharply

Guangzhou (JLC), March 12, 2026--Shandong-based independents' crude refining margins rebounded sharply in the week to March 11, as surging oil product prices pushed up their sales revenue.

03-12-2026 17:43:11

Naphtha prices in Shandong fall in November

Beijing (JLC), December 18, 2025—Shandong independents’ naphtha prices averaged CNY6,801/mt in November, down 1.87% from the previous month, JLC data indicated.

12-18-2025 09:42:16

Shandong raffinate prices fall in H1 November

Beijing (JLC), November 20, 2025—Shandong raffinate prices averaged CNY6,782/mt in the first half (H1) of November, down CNY79/mt or 1.15% from the second half (H2) of October.

11-20-2025 14:03:16

Shandong makes first scale SAF export to EU

Guangzhou (JLC), November 12, 2025--A shipment of 14,000 mt of sustainable aviation fuel (SAF) set sail for the EU recently, marking the first bulk export of the biofuel from Shandong province.

11-12-2025 19:00:34

Shandong leads gasoline and diesel production in Jan-Apr

Guangzhou (JLC), May 22, 2024 – Shandong continued to be the largest producing region for gasoline and diesel in January-April, as the province comfortably beat Guangdong and Liaoning.

05-22-2024 19:08:41

Shandong-East China gasoline and diesel arbitrage narrows

Guangzhou (JLC), September 15, 2023--The arbitrage margins for shipping gasoline and diesel from Shandong-based independent refineries to East China sagged in the week to September 13.

09-15-2023 15:15:04

MTBE prices in Shandong fall in early June

Beijing (JLC), June 15, 2023--MTBE prices in China’s eastern Shandong province went down in early June due to weak fundamentals, JLC research showed.

06-15-2023 15:00:44

Shandong-East China gasoline, diesel arbitrage margins mixed

Beijing (JLC), November 24, 2022--The margins for moving gasoline and diesel from Shandong to East China lately diverged due to different degrees of drops in oil products prices in the two regions.

11-24-2022 18:05:43

Shandong’s October diesel output surges 74.4% on year

Guangzhou (JLC), November 24, 2022--Shandong province produced 4.88 mln mt of diesel in October 2022, an upsurge of 74.4% from the same month in 2021.

11-24-2022 17:22:52

Shandong diesel-gasoline spread likely to continue widening

The price spread between diesel and gasoline at Shandong-based independent refineries is expected to widen further, due to strong diesel but weak gasoline market fundamentals.

10-25-2022 15:59:50

Shandong-East China gasoline, diesel arbitrage lately mixed

The arbitrage margins for moving gasoline and diesel from Shandong to East China diverged in the week ending October 19, due to different demand situations for the fuels i

10-21-2022 18:04:51

Shandong-East China gasoline, diesel arbitrage narrows

Beijing (JLC), September 29, 2022--Arbitrage margins for moving gasoline and diesel from Shandong to East China narrowed in the week ending September 28, due to stronger prices in Shandong.

09-29-2022 17:09:26

Shandong independents’ fuel prices surge on crude rally and supply drop

Guangzhou (JLC), August 31, 2022--Shandong-based independent refineries’ gasoline and diesel prices skyrocketed over the past few days, as international crude prices climbed and the fuel supply in Sha

08-31-2022 15:13:30

Shandong-East China gasoline, diesel arbitrage mixed lately

Margins for moving gasoline from Shandong to East China moved up while those for diesel declined, as gasoline prices in East China gained more rises while diesel prices gained less.

08-25-2022 17:29:20

Shandong reforming margins surge on strong product prices

The margins at Shandong-based independent refineries’ reformers surged in the week to August 18, as prices of the units’ products surged while prices of the units’ feedstock were relatively weak.

08-22-2022 16:41:22

Shandong independents to see a bullish fuel market

Shandong-based independent refineries are expected to see a robust fuel market in the coming weeks of August, with consumer demand building and producer confidence rising.

08-17-2022 19:16:46

Shandong-based independent refiners stagger on dim demand

Independent refiners in Shandong have had difficulties getting price boosts in recent weeks due to a torpid demand recovery.

07-26-2022 19:20:36

Shandong-East China gasoline, diesel arbitrage narrows

Beijing (JLC), July 21, 2022--Arbitrage margins for moving gasoline and diesel from Shandong to East China narrowed recently, as oil products prices dropped more sharply in East China.

07-21-2022 14:29:48

Shandong oil product market grapples with multiple drawbacks

Shandong oil product market is grappling with multiple drawbacks.

07-20-2022 17:49:59

Shandong independents' refining margins for imported crude turn positive

Guangzhou (JLC), Jul 13, 2022--Shandong-based independent refiners’ refining margins for imported crude turned positive this week, as refiners’ cost pressure eased a lot after international crude pric

07-13-2022 18:54:26

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