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April synthetic ammonia prices depressed on imbalanced fundamentals

Shandong (JLC), April 29, 2025--Synthetic ammonia prices in China remained depressed on imbalanced fundamentals in April 2025.

04-29-2025 17:20:00

Liaodong Bay’s oil and gas output sets record high in Q1

Guangzhou (JLC), April 29, 2025--Oilfields in Liaodong Bay of the Bohai Sea produced over 3.20 million mt of oil and gas in the first quarter of this year, hitting a historical high, CNOOC reported o

04-29-2025 15:34:27

Shenzhen Port Zhoushan Energy Base launches bonded fuel oil storage

Guangzhou (JLC), April 27, 2025--About 8,400 mt of bonded fuel oil, carried by tanker “CHAO YANG 901”, was recently put into the tank farm of Shenzhen Port Group’s Zhoushan Energy Base, marking the st

04-27-2025 18:42:56

China PBAT imports, exports both up in Q1

Shandong (JLC), April 23, 2025--In the first quarter of 2025, China’s polybutylene adipate terephthalate (PBAT) imports and exports both presented year-on-year growth.

04-23-2025 16:29:26

Margins of coal-based methanol producers rally in Q1

Shandong (JLC), April 15, 2025—China’s coal-based methanol producers enjoyed better margins in the first half of 2025 due to lower coal prices and higher methanol prices.

04-15-2025 17:39:11

Construction of Banshen 37 UGS facility started

Beijing (JLC), March 31, 2025--PetroChina Dagang Oilfield Company started drilling of Kuping 7-4 well at the Banshen 37 underground gas storage (UGS) on March 27, a market source said.

03-31-2025 15:51:46

Sinopec records China’s largest single-batch bonded bunker sales

Guangzhou (JLC), March 17, 2025--Sinopec successfully refueled vessel “AGOGO FPSO” with 8,549 mt of bonded bunker fuel at the Luhuashan anchorage in Shanghai on March 12, marking the largest single-b

03-17-2025 18:51:53

Global natural rubber output rises in 2024

Shandong (JLC), March 13, 2025—The global natural rubber output in 2024 totaled 14.855 million mt, a rise of 3.52% year on year. The comparatively high natural rubber price drove up rubber farmers’ ta

03-13-2025 15:28:30

China’s oil product exports plunge in Dec after VAT rebate cuts

Guangzhou (JLC), January 13, 2025--Chinese oil companies’ oil product exports plummeted in December 2024, which could be ascribed to rising costs following value-added tax (VAT) rebate cuts as from De

01-13-2025 16:10:03

China’s gasoline prices inch higher, diesel prices basically stable

Guangzhou (JLC), January 3, 2025--China’s wholesale gasoline prices inched higher in early 2025, boosted by rising international crude prices and relatively good demand, while diesel prices held basi

01-03-2025 18:17:59

China PBAT imports down, exports up in Nov

Shandong (JLC), December 25, 2024--In November, China's polybutylene adipate terephthalate (PBAT) imports showed a downtrend from October, while the exports posted a month-on-month growth.

12-25-2024 12:00:00

Sinopec Anqing begins supplying battery-grade petcoke

Guangzhou (JLC), December 17, 2024 – Sinopec Anqing Petrochemical on December 13 supplied the first batch of high-end petroleum coke (petcoke) designed for power battery production to its customers.

12-17-2024 17:20:48

China’s oil product exports surge in Nov before VAT rebate cuts

Guangzhou (JLC), December 10, 2024--Chinese oil companies’ oil product exports rebounded significantly in November, as they had revised up their export plans before a cut in value-added tax (VAT) reba

12-10-2024 15:10:02

Another 100 bcm gas field added in Sichuan Basin

Beijing (JLC), November 25, 2024—Sinopec has discovered another gas field with proven reserves exceeding 100 billion cubic meters (bcm) in the Sichuan Basin, the company said on its official WeChat ac

11-25-2024 15:45:57

China to cut VAT rebate for refined oil export as from December

Guangzhou (JLC), November 15, 2024--China will cut the value-added tax (VAT) rebate for the export of gasoline, diesel and jet fuel to 9% as from December 1, 2024, down from 13%.

11-15-2024 20:37:09

China INE crude price dips after EIA raises global oil supply forecast

Guangzhou (JLC), November 14, 2024--The price of crude futures on China's Shanghai International Energy Exchange (INE) retreated on Thursday after the Energy Information Administration (EIA) upgraded

11-14-2024 18:26:12

Sinopec Yuanba gas field produces over 35 bcm of natural gas

Shandong (JLC), November 5, 2024--Yuanba gas field, operated by the Sinopec Southwest China Petroleum Bureau, has produced more than 35 billion cubic meters (bcm) of natural gas.

11-05-2024 18:10:43

China releases 3rd-batch 2024 quotas on oil product exports

Guangzhou (JLC), September 20, 2024--China has released the third batch of 2024 quotas on the exports of clean oil products (gasoline, diesel and jet fuel), setting the quotas at 8.0 million mt.

09-20-2024 14:38:29

Coal-based methanol plants suffer losses in Sep

The coal-based methanol plants ran at a loss from the first half of September, due to the lower methanol price and higher coal cost.

09-19-2024 18:15:09

Coke-oven gas-based methanol units run rates go range-bound in early Sep

Shandong (JLC), September 18, 2024—The operating rate of China’s coke-oven gas-based methanol units went range-bound in early September.

09-18-2024 15:20:36

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