FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

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

OIL PRODUCTS
BulletEnergy BulletsCommodities

CDU capacity utilisation rates at China’s state-owned refineries are expected to rise in the week to Sep. 26, according to OilChem, as Tianjin Petrochem resumes normal operations of its CDU.

  • Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are also estimated to rise with Kenli Petrochem and Shangneng Petrochem yet to reach full capacity.
  • CDU capacity utilisation rates at domestic refineries in China averaged 70.29% last week, up 0.06 percentage points on the previous seven-day period.
  • China’s gasoline demand is projected to regain momentum with downstream players building stocks in advance of the National Day Holiday.
  • Gasoil demand is likely to be interrupted by the frequent typhoon and heavy rainfalls.

 

Keep reading...Show less
111 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 Sep. 26, according to OilChem, as Tianjin Petrochem resumes normal operations of its CDU.

  • Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are also estimated to rise with Kenli Petrochem and Shangneng Petrochem yet to reach full capacity.
  • CDU capacity utilisation rates at domestic refineries in China averaged 70.29% last week, up 0.06 percentage points on the previous seven-day period.
  • China’s gasoline demand is projected to regain momentum with downstream players building stocks in advance of the National Day Holiday.
  • Gasoil demand is likely to be interrupted by the frequent typhoon and heavy rainfalls.

 

Keep reading...Show less