Free Trial
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.
OIL
Imports of feedstocks into China via Shandong Provence and Tianjin City by traditional independent refineries and traders fell by 8.2% on the month to 11.2m mt in July, according to OilChem.
- The fall was attributed to high port inventory and low independent refinery operating rates in the Shandong area.
- Imports of crude oil by such refineries fell 18.7% on the month to 8.31m mt in July, while fuel oil imports rose 18.6% to 1.52m mt.
- Feedstock imports are predicted to fall further in August, as high port inventories and continued low operating rates amongst independent Shandong refineries are expected to persist.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok