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Independents’ crude refining margins surge as costs decrease

Guangzhou (JLC), March 6, 2025--Shandong-based independents’ crude refining margins surged in early March, driven up by a further decrease in crude costs, despite lower sales revenue.

03-06-2025 11:55:14

China LPG imports drop in Oct on high costs and limited demand

Beijing (JLC), November 26, 2024—In October, China’s LPG imports totaled 3 million mt, down by 254,800 mt or 7.82% on month, according to data from the General Administration of Customs of the PRC.

11-26-2024 14:36:47

China’s April asphalt output slips amid high costs and weak demand

Beijing (JLC), June 4, 2024—China’s petroleum asphalt output shrank in April, mainly because domestic refiners were less willing to drive up operation when production was less profitable.

06-04-2024 16:24:07

Costco opens its first gas station in China

Guangzhou (JLC), May 11, 2024 – U.S. retail giant Costco opened its first gas station in China on May 9, as part of its efforts to offer a variety of services.

05-11-2024 18:43:12

Independents’ crude refining margins rise on lower costs

Gu?angzhou (JLC), November 23, 2023--Shandong-based independents’ crude refining margins continued to rise in the week to November 22, as crude costs decreased.

11-23-2023 15:36:25

Independents’ refining margins for imported crude surge on lower costs

G?uangzhou (JLC), November 15, 2023--Shandong-based independents’ refining margins for imported crude surged significantly in the middle of November, as crude costs fell further.

11-15-2023 18:29:24

Independents’ crude refining margins tumble on higher costs

G?uangzhou (JLC), September 20, 2023--Shandong-based independents’ crude refining margins dropped further in the week to September 20, as costs increased.

09-20-2023 18:22:22

China alkylate market down on lower costs in Mar

Guangzhou (JLC), March 23, 2023--China's alkylate market displayed an overall downtrend in March 2023 as feedstock costs moved lower, and also because of sluggish demand.

03-23-2023 18:24:07

Shandong independents’ refining margins rally as costs decrease

Guangzhou (JLC), March 15, 2023--Shandong-based independents’ refining margins for imported and domestic crude rallied this week, as crude costs decreased amid bearish factors.

03-15-2023 18:11:31

Shandong-based independents’ refining margins drop on higher costs

Guangzhou (JLC), March 9, 2023--Shandong-based independents’ refining margins for both imported and domestic crude rolled back this week, mainly due to cost inflation.

03-09-2023 11:57:40

Independents’ refining margins for imported crude triple amid cost decrease

Guangzhou (JLC), December 14, 2022--Shandong-based independents’ refining margins for imported crude more than tripled this week as import costs extended drops.

12-14-2022 18:48:32

Independents’ refining margins for domestic crude turn positive on cost reduction

Guangzhou (JLC), December 8, 2022--Shandong-based independents’ refining margins for domestic crude bounced back into positive territory this week, due to a further cost reduction by weaker domestic c

12-08-2022 10:18:43

Independents’ refining margins for imported crude surge on lower costs

Guangzhou (JLC), November 23, 2022--Shandong-based independents’ refining margins for imported crude surged this week as import costs remained on the downswing, though most oil product prices dropped

11-23-2022 21:01:11

China MTBE prices move up in Nov on high cost, bullish exports

Beijing (JLC), November 17, 2022--China MTBE prices fluctuated upwards in November 2022, as the production cost increased and arbitrage window for the export reopened, despite weak gasoline demand.

11-17-2022 16:02:43

Independents’ refining margins plunge further as costs rise

Guangzhou (JLC), November 10, 2022--Shandong-based independents’ refining margins for imported crude plummeted further this week, as import costs continued to climb while product prices were mixed.

11-10-2022 18:40:02

Bunker blending margins in North China drop on rising cost

Beijing (JLC), October 31, 2022--Bunker blending margins in North China dropped in the week ending October 27, as the blending cost moved up on higher blending feedstocks prices.

10-31-2022 18:04:07

China domestic-trade bunker fuel oil prices inch up on firm cost

China domestic-trade bunker fuel oil prices edged higher in the week ending October 28, as prices of light blending feedstocks were high and bunker fuel oil stocks of blending traders were low.

10-31-2022 16:10:50

Independents find lower refining margins for imported crude as costs grow

Guangzhou (JLC), October 26, 2022--Shandong-based independents found it less profitable to refine imported crude this week as import costs rebounded modestly.

10-26-2022 19:18:10

Independents' refining margins for imported crude rally amid falling costs

Guangzhou (JLC), October 19, 2022--Shandong-based independents refiners’ refining margins for imported crude rebounded this week as the costs fell back.

10-19-2022 18:53:14

Independents' refining margins for imported crude plunge on lofty costs

Guangzhou (JLC), October 13, 2022--Shandong-based independents’ refining margins for imported crude plummeted this week, as the costs of imported crude rallied rapidly.

10-13-2022 19:21:02

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