Refining Prices, markets & analysis
ICIS C1 Energy provides premium coverage of the refining markets.
Our editors and reporters follow the markets closely, publishing price assessments, analysis and news in a series of reports and studies.
The report provides in-depth information on market conditions, foward trends and price drivers.
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Refining news and market information products from ICIS
We offer the following regional Refining analysis and news coverage to keep you informed of factors and developments affecting prices in the Refining marketplace.
Price Reporting – More information about the price reports we publish on Refining
Independent price assessments and market coverage by region
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Price History – More information about the historical price data we publish on Refining
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News & analysis
News & Analysis - News & market analysis specifically relating to Refining
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Refining: Market overview
Crude throughput in China continued to increase in December, from a relatively low level in the third quarter after the second peak of maintenance for China’s major refineries in 2013, according to ICIS C1’s data.
In December 2013 and early January 2014, the average running rate of China’s major refineries was 85-88%, a rebound from 79.88% at the end of October because of centralised maintenance in the south of China.
China’s major refining margin went up in December because of lower feedstock costs and increases in gasoline and gasoil prices on 29 November and 13 December. The weighted average refining margin was yuan (CNY) -18/tonne (or -$0.39/bbl) on 23 October and it rebounded to CNY190/tonne (or $4.26/bbl) on 18 December. Refinery margins in south China were better than those in the north because the latter faced lower product prices.
Updated to mid-Jan 2014
News & analysis
Refining news & analysis
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.