![]() Payroll – Internal Payroll – Internal Select from the links below for additional information. Enter your full CCISD email address and then your district password. The price of bitumen blend remains on an uptrend, with the latest offer heard at a discount of $20/b to ICE Brent crude futures on a DES Shandong basis, about $3/b higher than deals concluded a month earlier, sources said.īitumen blend imports are likely to continue falling in coming months due to lower shipments from Venezuela, despite demand for asphalt for paving roads seasonally increasing from late March, sources said.CCISD's Portal for Employees Clearity is dedicated to sharing the latest employee news and announcements, podcast episodes, employee stories and pictures, calendar events, benefits information, employee documents and resources, staff directory, and more. Around 17,100 b/d of bitumen blend was cracked in February, down 2.9% from January, JLC data showed. In contrast to the increasing consumption of fuel oil, a relatively lower volume of bitumen blend was cracked by the independent refineries surveyed in February, mainly due to tight supply. The expectation around mid-March was that around 17 fuel oil cargoes totaling 1.48 million mt would be discharged in the month, according to S&P Global data. ![]() Independent refiners typically turn to fuel oil imports when crude import quotas are a bit tight, and this trend is likely to continue in coming months as more fuel oil cargoes are expected to arrive in Shandong ports. Shandong independent refineries imported 2.56 million b/d of feedstocks in February, up 1.9% from January, S&P Global data showed.Īround 12,927 b/d of fuel oil was processed by the surveyed refineries in February, a 19-month high since reaching 13,007 b/d in July 2021 and also up 294.4% from the 3,277 b/d cracked in January, JLC data showed.įuel oil imports surged 85.1% month on month to 944,000 mt in February, S&P Global data showed, amid good refining margins. The stocks are likely to increase further in March amid slower delivery from ports to refineries during maintenance season, with feedstock inflows likely to remain heavy. With demand for gasoline and gasoil remaining robust, China's oil companies are expected to limit exports of both products in March, S&P Global reported previously.Ĭombined refinery feedstocks at ports rose 5% month on month to 8.48 million mt, or 62 million barrels Feb. Production yields of gasoil against gasoline fell further to a 17-month month low of 1.66 to 1 in February from 1.75 to 1 in January as more gasoline was produced to cater to increasing demand. ![]() "Demand for gasoil from construction projects and agriculture will also increase further in March with operations resuming," an analyst with JLC said. Refining margins for independent refineries processing imported crude averaged Yuan 771 ($110)/mt in February, compared with Yuan 55/mt a month earlier, JLC data showed.ĭemand for automotive fuels is likely to increase further from March amid increased mobility and road travel in early spring as people travel freely following the easing of pandemic-led restrictions, sources said. However, the total capacity scheduled for maintenance in the independent sector in Shandong is expected to be lower in 2023 than a year earlier due to strong refining margins. March-June is typically the main maintenance season for Chinese refineries. The combined capacity of the three refineries is 7.5 million mt/year.Īnother five refineries with a total capacity of 19.2 million mt/year are set to begin turnarounds in April and remain shut until May, sources said. 20 and had been followed by two other refineries as of March 20, data collected by S&P Global Commodity Insights showed. Maintenance season for the sector began with Xintai Petrochemical shutting Feb. The combined feedstock throughput at 43 surveyed refineries rose 1.4% month on month to 2.15 million b/d in February and was up 2.4% year on year, according to data from JLC, a local energy information provider. Receive daily email alerts, subscriber notes & personalize your experience.
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