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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 are expected to rise in the week to July 4 according to OilChem, as some refineries are likely to raise utilisation rates.
- Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are estimated to fall further with Changyi Petrochem expected to suspend production for overhauls.
- CDU capacity utilisation rates at domestic refineries in China averaged 69.12% last week, up 0.88 percentage points on the previous seven-day period.
- China’s gasoline demand is projected to improve this week with rising use of vehicle air conditioning during summer weather.
- Gasoil demand is limited as rising temperatures continue to restrict outdoor construction consumption.
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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