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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 rebound in the week to July 18 according to OilChem, as Dushanzi Petrochem restarts from an overhaul.
- Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are also estimated to rise as Rizhao Haiyou resumes production and Dongming Petrochem hits full capacity.
- CDU capacity utilisation rates at domestic refineries in China averaged 67.81% last week, down 0.78 percentage points on the previous seven-day period.
- China’s gasoline demand is projected to continue gathering momentum with summer peak demand in full swing and temperatures boosting car air conditioning usage.
- Gasoil demand is lingering in its seasonal low, with demand remaining weak.
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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