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SunSirs: China BR Market Fell slightly (May 17-21)
http://www.chemnet.com May 24,2021 SunSirs
According to the data monitoring of SunSirs, the domestic BR market fell slightly last week (5.17-5.21), with the price at 12,120 RMB/ ton at the beginning of the week and 12,040 RMB/ ton at the end of the week, with a slight decline of 0.66%.
Last week (5.17-5.21), the domestic BR market declined, and the ex-factory price was stable before May Day. According to the monitoring of SunSirs, as of May 17, the ex-warehouse price of Daqing BR of PetroChina Northeast was 12,200 RMB/ ton; The mainstream price of Shunding market in Daqing, Qilu and Yanshan was around 11,900 ~ 12,200 RMB/ ton.
REFINERY NEWS ROUNDUP: China crude throughput jumps in Q1, slows in April
Chinese refiners’ crude throughput in the first quarter posted the strongest year-on-year growth since 2010, rising 17.8% to 14.17 million b/d as the country’s GDP grew 18.3% on the year from a low base given the COVID-19 outbreak during the same period of last year, data released April 16 by the National Bureau of Statistics showed.
On top of the strong GDP growth, the year-on-year increase was also due to the expansion in refining capacity since Q2 last year, including the startup of Sinopec’s 200,000 b/d Zhanjiang Petrochemical and the trial run of Zhejiang Petroleum & Chemical’s phase 2 project involving its 200,000 b/d CDU.
Japan Japan s ENEOS said April 16 it has restarted its Sendai refinery in northeast Japan, which had been suspended since the strong earthquake offshore Fukushima on Feb. 13. ENEOS initially planned to restart the Sendai refinery in the first half of April. However, another earthquake of magnitude 6.9 occurred off the coast of Miyagi Prefecture, northeast Japan, on March 20. Then ENEOS delayed the restart schedule to mid-April. Japan s largest refiner ENEOS has restarted the sole 129,000 b/d crude distillation unit at the Chiba refinery in Tokyo Bay after completing scheduled maintenance on April 22, a spokesman said April 23. Japan s ENEOS said April 20 it shut the 170,000 b/d No. 2 crude distillation unit at its 247,000 b/d Kawasaki refinery in Tokyo bay on April 10 for unplanned repair work on a valve, and expected to restart at the end of April.