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.
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
Now availiable: Comprehensive data on over 300 commercial oil terminals in China
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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.
Updated to Q2 2014
Crude throughput in China fell in the second quarter as refineries entered into peak maintenance season.
Operating rate at China’s major refineries averaged at 78% in the second half of May, which is the lowest level so far this year, according to ICIS C1’s data.
About 1.120m bbl/day of capacity was shut down, including Changling Petrochemical, Dalian Petrochemical, Dagang Petrochemical, Yan’an Refinery and Shijiazhuang Petrochemical.
China’s major refining margin was better than the first quarter due to lower crude prices, although it reached the six-month high in March.
The weighted average refining margin ranged between Yuan (CNY) 124-206/tonne (or $2.70-4.70/bbl) during April to June, compared with CNY(-50)-208/tonne (or $(-1.10)-4.70/bbl) in the first quarter. Refinery margins in south China were better than that in the north as the latter faced lower product prices.
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.