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
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.
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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 Q3 2014
Crude throughput in China increased in the third quarter as refineries throughput loss reduced, especially Individual refinery maintenance schedule postponed.
Operating rate of China’s major refineries averaged at 77.89% in the first half of July, which is the lowest level so far this year, according to ICIS C1’s data. About 1433 thousand bbl/day (kbd) capacity were shut down in the past three months, including Lanzhou Petrochemical, Shanghai Petrochemical, Daqing refining & chemical, Ningxia Petrochemical, Harbin refinery, Gaoqiao Petrochemical, Huabei Petrochemical and Jinzhou Petrochemical.
China’s major refining margin was worse than the second quarter due to lower products price. The weighted average refining margin ranged between Yuan (CNY) (-104.6)-127.6/tonne [or $(-2.3)-2.8-4.7/bbl] during July to September, compared with CNY 124-206/tonne [or $2.7-4.7/bbl] in the second quarter. Refinery margins in south China were better than that in the north as the latter faced lower product prices.
Updated to Q2 2015
Refining margins for all crude oil products stayed stable to firm during the second quarter, in line with ICE Brent crude oil futures, with refinery run rates at unexpectedly high levels as a result of good gasoline demand.
Refiners in the US and Europe were struggling to fill the vacuum created by outages and delays at their counterparts in the Middle East, India, Brazil and Colombia totalling 1.5m of refining capacity.
Demand for gasoline drove much of the strength in the refining industry in the second quarter, with more drivers taking to the road in the approach to summer. A significant rise in employment in the US was behind the surprisingly high US demand as people commuted by car for work.
The second quarter also saw many refineries going on spring maintenance work including Neste Oil’s Porvoo, Miro’s Karlsruhe, Shell’s Pernis, Phillips 66’s Humber, Hellenic Petroleum’s Aspropyrgos, Sonatrach’s Skikda, Total’s Donges, and ExxonMobil’s Port Jerome.
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.