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Sinopec's net profit plunges 27.6% in Q1 2025

Guangzhou (JLC), April 29, 2025--Sinopec's net profit attributable to its shareholders slumped by 27.6% year on year in the first quarter (Q1) of 2025 when oil product demand dropped.

04-29-2025 15:24:04

China’s fuel oil imports plunge in Q1

Guangzhou (JLC), April 21, 2025--China’s fuel oil imports plunged in the first quarter (Q1) of 2025, as independent refiners’ demand slumped amid a hike in the country’s temporary customs duties on i

04-21-2025 16:56:52

China’s fuel prices retreat as crude prices plunge

Guangzhou (JLC), April 11, 2025--China’s wholesale gasoline and diesel prices retreated in the week to April 11, mainly because of a plunge in international crude prices.

04-11-2025 19:17:26

Independents’ crude refining margins plunge on surging costs

Guangzhou (JLC), April 3, 2025--Shandong-based independents’ crude refining margins plunged in early April as crude costs surged, despite a rise in their sales revenue.

04-03-2025 17:07:14

China's fuel oil imports plunge in first two months of 2025

Guangzhou (JLC), March 21, 2025--China recorded a year-on-year slump in its fuel oil imports in the first two months of 2025 when demand from independent refiners weakened.

03-21-2025 18:11:28

China's crude imports from Russia and Saudi Arabia plunge in Jan-Feb

Guangzhou (JLC), March 20, 2025--China's crude imports from Russia and Saudi Arabia plunged year on year in the first two months of 2025.

03-20-2025 11:38:05

China sees plunge in LNG imports in first two months

Guangzhou (JLC), March 19, 2025--China recorded a year-on-year slump in its LNG imports in the first two months of 2025, according to data released by the GACC.

03-19-2025 19:07:45

Plunge in MX price has impacts on its industrial chain

Shandong (JLC), March 19, 2025—The recent decline in China’s MX market prices has resulted in variations in relations between it and its upstream & downstream markets. For instance, the narrowing spre

03-19-2025 17:12:27

Benzene market prices plunge on weak fundamentals

Shandong (JLC), March 13, 2025--Domestic benzene prices experienced a sharp decline in early March, undermined by the unfavorable macroeconomic environment.

03-13-2025 17:18:15

China Dec PTA exports plunge on month

Shandong (JLC), February 11, 2025--China exported 257,900 mt PTA, a decrease of 174,100 mt or 40.30% compared to last month. China imported 100 mt PTA in December 2024, a decrease of 2,700 mt or 96.43

02-11-2025 13:58:00

China’s fuel oil output plunges by 18.4% in 2024

Guangzhou (JLC), January 21, 2025--China’s fuel oil output plunged by 18.4% year on year in 2024, reversing a yearly increase of 4.9% in 2023, according to the data from the National Bureau of Statist

01-21-2025 18:14:30

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

Independents’ refining margins for imported crude plunge

Guangzhou (JLC), January 2, 2025--Shandong-based independents’ refining margins for imported crude plunged in the week to January 1, 2025, as crude costs increased and sales revenue declined.

01-02-2025 17:36:39

China’s bonded bunker fuel exports plunge in October, imports surge

Guangzhou (JLC), December 2, 2024--China’s bonded bunker fuel exports plunged significantly in October, hitting an eight-month low, due to tight low-sulfur fuel oil (LSFO) supply, while bonded bunker

12-02-2024 17:02:13

Crude stocks at Shandong ports plunge in late November

Guangzhou (JLC), November 28, 2024--The stocks of crude, fuel oil and diluted bitumen at Shandong ports plunged in the week to November 28, as more feedstock was delivered out of local ports.

11-28-2024 17:59:18

China's apparent fuel oil consumption plunges on year in October

Guangzhou (JLC), November 22, 2024--China's apparent consumption of fuel oil dived in October on a year-on-year basis, largely due to lower output.

11-22-2024 18:08:59

China's oil product exports plunge in October

Guangzhou (JLC), November 10, 2024--Chinese companies' oil product exports plunged in October, which could be ascribed to short quotas towards the end of the year.

11-10-2024 15:09:21

Sinopec’s net profit plunges 16.6% in first three quarters

Guangzhou (JLC), October 29, 2024--Sinopec’s net profit plummeted by 16.6% year on year in the first three quarters of 2024, reversing a 2.6% gain in the first half, mainly due to shrinking refining m

10-29-2024 15:42:21

China’s MTBE exports plunge in September

Beijing (JLC), October 25, 2024, 2024--China exported 76,600 mt of MTBE in September, slumping by 68.12% month on month and down by 47.59% year on year, according to data from the GACC.

10-25-2024 11:54:21

Shandong independents’ feedstock unloading plunges 12.8% in Q1-Q3

Guangzhou (JLC), October 16, 2024--Shandong-based independent refiners’ feedstock unloading plunged by 12.8% in the first three quarters of this year, which could mainly be ascribed to softer demand a

10-16-2024 13:55:06

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