MNI BRIEF: PBOC Suspends Bonds Trades As Yields Drop

MNI: PBOC Net Drains CNY14.8 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1891 Fri; -2.36% Y/Y

MNI BRIEF: Banxico Set To Consider Larger Rate Cuts - Minutes

MNI: Fed’s Collins Calls For Gradual Approach To Rate Cuts

MNI BRIEF: Mexico Inflation Up To 4.21%, More Rate Cuts Loom

MNI JAPAN NOV HOUSEHOLD SPENDING -0.4% Y/Y; OCT -1.3%

EZ/UK Bond Supply Calendar: EU Synd; IT Auction, BoE APF Mon

MNI: EUROZONE NOV RETAIL SALES +0.1% M/M, +1.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

OIL PRODUCTS: China’s CDU Capacity to Rise on Week: OilChem

OIL PRODUCTS
Energy BulletsBulletAPACChinaCommodities

CDU capacity utilisation rates at China’s state-owned refineries are expected to rise in the week to Dec. 26, as Wuhan Petrochem is set to return from maintenance, according to OilChem,

  • Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are estimated to fall as a refinery plans to cut crude throughput to zero.
  • CDU capacity utilisation rates at domestic refineries in China averaged 67.80% last week, down 0.39 percentage points on the previous seven-day period.
  • China’s gasoline demand is projected to remain stable this week, while retail stations maintain high inventories.
  • Gasoil demand has remained muted, and the recent fall in crude prices has failed to boost confidence. 

 

Keep reading...Show less
108 words

To read the full story

Close

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.

CDU capacity utilisation rates at China’s state-owned refineries are expected to rise in the week to Dec. 26, as Wuhan Petrochem is set to return from maintenance, according to OilChem,

  • Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are estimated to fall as a refinery plans to cut crude throughput to zero.
  • CDU capacity utilisation rates at domestic refineries in China averaged 67.80% last week, down 0.39 percentage points on the previous seven-day period.
  • China’s gasoline demand is projected to remain stable this week, while retail stations maintain high inventories.
  • Gasoil demand has remained muted, and the recent fall in crude prices has failed to boost confidence. 

 

Keep reading...Show less