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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.
OIL
CDU Capacity Utilisation rates at China’s state-owned refineries are expected to continue falling in the week to June 13, according to OilChem, as Dalian Xitai will overhaul the whole refinery.
- Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are estimated to fall further with several refineries slashing production. Meanwhile, the Wanda Tianhong plant is scheduled to begin maintenance work.
- CDU capacity utilisation rates at domestic refineries in China averaged 67.69% last week, down 2.46 percentage points on the previous seven-day period.
- China’s gasoline demand is likely to increase in the coming days amid a travel spike during the Dragon boat festival.
- Gasoil demand is seen as waning as the harvest season ends and outdoor infrastructure projects slow.
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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