Full shift to gas in China’s winter heating systems will be difficult – Woodmac

China will struggle to fuel winter heating systems exclusively with gas because the fuel is more expensive than coal and in short supply, Wood Mackenzie said in a note on Monday.

China Natural Gas 2018-07-11

Changfeng Announces Declaration of 2018 Semi-Annual Dividend

Changfeng Energy Inc. (TSX VENTURE:CFY) ("Changfeng" or the "Company"), announced today that, further to its announcement on May 17, 2018, the Board of Directors has approved a semi-annual dividend of RMB 3,500,000

China Investment 2018-07-06

China’s Ningbo terminal still top LNG truck shipper

China National Offshore Oil Corp.’s Ningbo facility shipped the most truckloads of LNG of China’s terminals last week. Its send-out rate was unchanged, at 250 tankers per day. Tianjin’s rate was also unchanged, at 180, while Zhuhai’s send-out increased by three, to 166.

2018-06-29

China Prosperity No. 2 purified terephthalic acid plant to shut Thursday for maintenance

China Prosperity Jiangyin Petrochemical, also known as Hanbang Petrochemical, will shut its No 2 purified terephthalic acid plant Thursday evening for 15 days of planned maintenance, a company source said Thursday afternoon.

China Refining 2018-06-29

China’s Sinopec Fujian cuts June product exports 36% from May

Sinopec Fujian Refining and Chemical Company in southeastern Fujian province plans to export around 109,000 mt of oil products in June, down 36% from 170,000 mt planned for May, a Sinopec source said Wednesday. The 280,000 b/d refinery’s June exports were expected to comprise around 19,000 mt of jet

China Petrochemical 2018-06-22

Analysis: China's independent refineries shy away from US crudes

Chinese independent refiners have slowed down their US crude purchases in recent months and could completely stop near-term imports amid growing uncertainties about additional import duties on US oil and gas.

China Petrochemical 2018-06-22

Chinese independent refiner lets contract for propylene plant

Shandong Wonfull Petrochemical Co. Ltd. has let a contract to Honeywell UOP LLC to license its proprietary C3 Oleflex propane dehydrogenation technology for a propylene plant at its 5.8 million-tonne/year integrated refining and petrochemical complex in Huantai Economic Development Zone in China’s S

China Refining 2018-06-19

CHINA DATA: PDH plants' May average run rate hits year-to-date high at 88%

China's propane dehydrogenation plants raised their averaged operating rate to 88% in May from 84% in April, according to S&P Global Platts calculations based on data provided by JLC, a Beijing-based information provider.

China Refining 2018-06-14

China's Shanghai PC to shut naphtha-fed steam cracker June 20 for maintenance

China's Shanghai Petrochemical plans to shut its naphtha-fed steam cracker in Shanghai around June 20 for annual maintenance, a company source said Monday.

Chinese airlines apply fuel surcharge after 3-year hiatus

CHINESE carriers including Air China and China Eastern Airlines Corp were set to apply a fuel surcharge to domestic routes from Tuesday, the first time they have done so in three years as oil prices begin to rise.

China Policy 2018-06-06

China independents look for other crude oil grades to cover Venezuelan shortfall

A drop in crude oil supply from Venezuela is forcing China's independent refiners to look for alternative source of heavy crude, with Mexican Maya, Colombia's Castilla and Canadian Cold Lake Blend options being considered, sources said.

New Private Chinese Refinery In Talks For Long-Term Saudi Oil Supplies

Hengli Petrochemical, a unit of private Chinese chemical giant Hengli Group, is in talks with Saudi Aramco for long-term crude oil supplies for its new 400,000-bpd refinery, while it is getting ready to receive a first Saudi spot cargo by July for trial runs, Reuters reported on Wednesday, citing a

China Refining 2018-06-01

China's coastal coal freights down in week to Tuesday

Freight rates for shipping coal from northern China's Qinhuangdao port to the other Chinese ports of Zhangjiagang, Shanghai and Guangzhou in eastern and southern China fell in the week to Tuesday, May 29, port operator Qinhuangdao Port said.

China Coal 2018-05-30

China independent oil plants face closure under new tax rules, competition

China's new tax rules introduced in March could force some independent oil refineries to close, and the way to survive tighter regulatory scrutiny and the onslaught of growing competition is to cut costs and beef up competitiveness, an oil executive said.

China's SHFE likely to launch tax-free 380 CST fuel oil contract in June

China's Shanghai Futures Exchange is set to launch a bonded 380 CST bunker fuel oil contract in June that will replace the existing 180 CST contract which is for domestic delivery, sources said.

China Crude Futures 2018-05-28

China's Sinopec, PetroChina raise domestic orthoxylene prices by Yuan 200/mt

China's two major orthoxylene producers, Sinopec and PetroChina, raised their domestic ex-tank prices by Yuan 200/mt on Monday, an end-user said Wednesday.

Gazprom subsidiary aiming to build gas-fired power in China and Vietnam

Gazprom Energoholding, a subsidiary of the Russian gas exporter, is looking to build gas-fired turbine power plants in China and Vietnam, Chief Executive Denis Fedorov said on Wednesday, according to TASS.

gas-fired power 2018-05-18

China Aims For 1 Million EV Sales In 2018

Supported by a hard push by the Chinese government to drive up electric car sales, annual EV sales are on track to hit a one-million-unit milestone this year, as demand continues to rise significantly.

China data: Apr crude throughput up 12% on year, down from record high in Mar

China's refinery crude throughput rose 11.5% year on year to 49.58 million mt in April, or an average of 12.11 million b/d, preliminary data from the National Bureau of Statistics released Tuesday showed.

China Petrochemical 2018-05-16

East China styrene monomer inventory hits fresh 5-month low amid delayed arrivals

Styrene monomer inventories held by traders in eastern China was estimated at 30,600 mt Friday, falling 20.1% week on week to hit a fresh 5-month low, amid supply disruptions and delayed vessel arrivals over the past week, industry sources said Friday.

China Petrochemical 2018-05-14
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