27 September 2012 10:47 [Source: ICIS news]
SINGAPORE (ICIS)--Refining margins of major Chinese refineries were stable in the past two weeks with limited changes in crude costs and product prices, ICIS data showed on Thursday.
Based on integrated ex-refinery prices of oil products, the margin for refining Daqing crude averaged yuan (CNY) 4/tonne (or $0.09/bbl) on 26 September, down by CNY5/tonne (or $0.11/bbl) from two weeks ago.
The gross margin for refining ?xml:namespace>
Refiner’s settlements of Daqing and
Sales revenues of refined products from processing Daqing and
Refining margin is the difference between crude prices and sales revenue.
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