MNI China Daily Summary: Wednesday, December 11

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CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

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EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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OIL: China’s CDU Capacity to Fall on Week: OilChem

OIL
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CDU capacity utilisation rates at China’s state-owned refineries are expected to fall in the week to Oct. 17 according to OilChem, as Fujian Petrochem and Guangxi Petrochem have overhaul plans.

  • Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are estimated to rise with the ramp up of Haiyou Petrochem.
  • CDU capacity utilisation rates at domestic refineries in China averaged 70.33% last week, up 0.09 percentage points on the previous seven-day period.
  • China’s gasoline demand is projected to stay flat post the travel peak during the National Day holiday, with certain support from the expect rise in the guiding retail price in the next round of government’s price adjustment.
  • Gasoil demand is likely to be resilient in the traditional seasonal high.

 

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CDU capacity utilisation rates at China’s state-owned refineries are expected to fall in the week to Oct. 17 according to OilChem, as Fujian Petrochem and Guangxi Petrochem have overhaul plans.

  • Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are estimated to rise with the ramp up of Haiyou Petrochem.
  • CDU capacity utilisation rates at domestic refineries in China averaged 70.33% last week, up 0.09 percentage points on the previous seven-day period.
  • China’s gasoline demand is projected to stay flat post the travel peak during the National Day holiday, with certain support from the expect rise in the guiding retail price in the next round of government’s price adjustment.
  • Gasoil demand is likely to be resilient in the traditional seasonal high.

 

Keep reading...Show less