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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 PRODUCTS
CDU capacity utilisation rates at China’s state-owned refineries are expected to remain unchanged in the week to Sep. 12, according to OilChem, amid no new scheduled maintenance or restarts.
- Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are estimated to rise further with several refineries set to resume normal production from previous maintenance.
- CDU capacity utilisation rates at domestic refineries in China averaged 69.1% last week, down 0.21 percentage points on the previous seven-day period as Shandong Yulong was newly included in OilChem’s sample.
- When excluding Yulong, rates at state-owned refineries rose due to Ningxia Petrochem resuming production.
- China’s gasoline demand is projected to stay flat as the travel peak eases off, cutting downstream buying.
- Gasoil demand is seen recovering further with the start of the fishing season. However, downstream players are likely to be cautious of boosting buying too aggressively.
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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