Daily Chemical News Recommendation (May 28, 2018)

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>> China Refined Oil Prices Continued Rising

Recently, China’s refined oil wholesale prices kept rising, but the retail profits continued to fluctuate within a narrow range. According to SCI’s statistics, up to May 22, the spread between wholesale price and retail price of 0# diesel at state-owned refineries was RMB 1,065/mt, down RMB 31/mt from May 11. Meanwhile, the spread between wholesale price and retail price of 92 Ron gasoline at state-owned refineries was RMB 1,581/mt, up RMB 10/mt from May 11. [More]

>> Shandong Independent Refineries’ Operating Rates Kept Slipping

According to SCI, the average operating rate of CDUs at Shandong independent refineries was 63.66% as of May 23, down 1.25% week-on-week.
Zibo Xintai Petrochemical shut down its units for maintenance this week. It is scheduled that the units will be restarted in late June. Therefore, the average operating rate of CDUs at Shandong independent refineries slipped down. [More]