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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL
CDU Capacity Utilisation rates at China’s state-owned refineries ae expected to continue falling in the week to May 16, according to OilChem, as Dushanzi petrochemical is due to begin maintenance.
- Among independent refineries in China’s Shandong province, CDU capacity utilisation rates ae seen falling as some refineries have scheduled maintenance.
- However, Shenchi Chemical in Shandong is likely to continue ramping up production after returning from an overhaul.
- CDU capacity utilisation rates at domestic refineries in China averaged 69.08% last week, down 0.08 percentage points on the previous seven-day period.
- China’s gasoline demand is likely to weaken in the coming days as petrol stations report flat sales and a preference to keep inventory levels low.
- Gasoil demand has been lacklustre, with mid and downstream buyers remaining cautious, OilChem said.
Source: OilChem
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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