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Dalong oil depot renovation project comes online in Guizhou

Guangzhou (JLC), July 18, 2025--Sinopec Guizhou (Tongren) Oil Products Company put its Dalong oil depot renovation project into operation recently, Sinopec reported on its news website on July 18.

07-18-2025 18:55:00

China PE market depressed by high supply

In January-July, 2025, the whole PE market was depressed by the high supply, and prices showed a downtrend.

07-17-2025 17:43:52

Shandong independents' crude refining margins continue to fall

Guangzhou (JLC), July 17, 2025--Shandong-based independents' refining margins for imported crude continued to fall in the middle of July, due to sliding sales revenue and climbing costs.

07-17-2025 15:13:34

Shandong independents' run rates rebound modestly

Guangzhou (JLC), July 16, 2025--Shandong independent refiners' operating rates rebounded modestly in the week to July 16, mainly as Qirun Chemical ratcheted up its throughput after restart.

07-16-2025 18:37:32

Shandong independents unload more imported feedstock in June

Guangzhou (JLC), July 11, 2025--Shandong-based independent refiners and traders unloaded more imported feedstock last month, due to multiple factors.

07-11-2025 15:05:22

Shandong independents' crude refining margins weaken

Guangzhou (JLC), July 10, 2025--Shandong-based independents' refining margins for imported crude weakened in the week to July 9, as crude costs increased and their sales revenue slipped.

07-10-2025 11:34:00

Shandong independents' run rates retreat amid maintenance

Guangzhou (JLC), July 9, 2025--Shandong independent refiners' operating rates retreated in the week to July 9, as the maintenance of a refiner in Dongying counteracted the restart of another one.

07-09-2025 18:59:53

Independents' refining margins for imported crude widen in H1 2025

Guangzhou (JLC), July 7, 2025--Shandong-based independents' refining margins for imported crude improved in the first half (H1) of 2025, due to a relatively large decrease in feedstock costs.

07-07-2025 15:42:27

China INE crude price extends gains after bullish US jobs report

Guangzhou (JLC), July 4, 2025--The price of crude futures on China's Shanghai International Energy Exchange (INE) increased further on Friday following a stronger-than-expected US jobs report for June

07-04-2025 18:45:50

Independents' refining margins for imported crude rebound sharply

Guangzhou (JLC), July 3, 2025--Shandong-based independents' refining margins for imported crude rebounded sharply in the week to July 2, driven up by a plunge in crude costs.

07-03-2025 14:45:56

Shandong independents' run rates rally on unit restart

Guangzhou (JLC), July 2, 2025--Shandong independent refiners' operating rates rebounded in the week ending July 2, driven by the restart of a refinery in Weifang.

07-02-2025 18:38:36

Propylene market to keep range-bound at high level

Shandong (JLC), June 30-The propylene prices may fluctuate around a high level of CNY6,800-7,000/mt.

06-30-2025 15:15:25

Deep Sea No.1 Phase II comes online

Shandong (JLC), June 27, 2025--The Phase II project of Deep Sea No. 1 came into full operation, marking the completion of the development project of China's largest offshore gas field.

06-27-2025 16:39:13

China PP market depressed by lower cost, weak demand in Q2

In the second quarter of 2025 (Q2, 2025), the PP prices fell after a V-shaped trend. And the whole market was depressed by low crude price and weak demand.

06-26-2025 17:52:49

Independents' crude refining margins grow in late June

Guangzhou (JLC), June 26, 2025--Shandong-based independents' crude refining margins grew in late June, as their sales revenue increased.

06-26-2025 15:43:19

China epoxy resin imports unchanged in May

Shandong (JLC), June 26, 2025—In June 2025, China’s epoxy resin imports remained flat from last month, while the exports registered continuous growth due to the price advantage of home-made cargoes.

06-26-2025 15:08:44

Shandong independents' run rates retreat on maintenance

Guangzhou (JLC), June 25, 2025--Shandong independent refiners' operating rates retreated in the week ending June 25 due to more unit maintenance.

06-25-2025 18:23:46

Indian BIS certification extension to keep China’s PVC exports decent

Shandong (JLC), June 23, 2025--The BIS certification policy for PVC imports in India has been extended again, which will help China maintain its strong PVC export momentum in the following months.

06-23-2025 18:35:24

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

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