Refining Prices, markets & analysis
ICIS C1 Energy provides detailed coverage of the Chinese refinery industry, providing readers with a comprehensive picture of key developments, market capacity along with supply and demand information.
Our network of Chinese market experts delivers unrivalled insights into local market dynamics.
This means readers can track fluctuations and developments and gain a clear understanding of the factors driving prices.
Use ICIS information to:
- Access robust pricing information
- Develop internal analytical models
- Negotiate deals with confidence
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At ICIS we provide price benchmarks, news, analysis and consulting for the global wholesale energy markets.
Whether you need forward prices to support your investment decisions; benchmark prices for your purchasing contracts; supply and demand data for your trading activities or independent strategic advice about how long term trends could impact your business…
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Refining news and market information products from ICIS
We offer the following regional Refining coverage to keep you informed of factors and developments affecting prices in the China Refining marketplace.
Price Reporting – More information about the price reports we publish on Refining
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
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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.
China’s crude throughput rebounded in November, from relatively low levels in August and September, after a peak maintenance period at major Chinese refineries, according to ICIS C1 data.
Most of the refineries that were shut for maintenance are located in northeast and northwest China and are owned by PetroChina.
The average operating rate of 35 major refiners began to fall in early August and was at 79.40% capacity in late August, which is the lowest level seen this year. In September and early October, the average operating rate at the major refineries was 82-87% capacity, but it slid to 79.88% at the end of October, the second-lowest rate seen in 2013. This was because of several maintenance shutdowns in south China.
China’s major refiners’ margins fell sharply in October due to higher feedstock costs and decreases in gasoline and gasoil prices on 30 September. The weighted average refining margin was yuan (CNY) 238/tonne (or $5.29/bbl) on 18 September and it fell to -CNY18/tonne (or -$0.39/bbl) on 23 October. Refinery margins in south China were better than in the north as the latter faced lower product prices.
Updated to mid-November 2013
ICIS provides insights into the Chinese refinery industry, publishing monthly updates on market developments along with detailed annual analysis.
The reports include analysis on developments, refinery turnaround schedules, updates on expansions, insights into profit margins and updates on feedstocks.
Regular information on plant utilisation rates, outputs of major refined oil products and inventory data ensure readers get unrivalled insights into the Chinese refining industries.
ICIS collects pricing data on a wide range of chemical, energy and fertilizer products, including Refining. Our extensive experience in price reporting means we can offer you access to historical data dating back more than 20 years for certain commodities.
Our time series of pricing data enables you to build and model trends, to get a view of where markets might be heading. The data service includes charting functionality, allowing you to chart and download multiple data series for manipulation in your own internal models. You can also export data to Excel via the ICIS dashboard service.
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.