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Asia's naphtha prices, margins hit 2014 highs on demand growth, costly LPG | Hellenic Shipping News Worldwide

Asia’s naphtha prices and refining margins jumped to their highest since 2014 propelled by strong demand growth for the petrochemical feedstock and as alternative liquefied petroleum gas (LPG) becomes expensive amid a global power crunch. LPG prices from the United States, Middle East and Europe have jumped by roughly a third in the past three . ....

United States , Ciaran Tyler , Mohi Narayan , Simon Cameron Moore , Armaan Ashraf , International Energy Agency , Energy Aspect , Energy Aspects , India Hpcl Mittal Energy Ltd , Korea Hyundai Oilbank Corp , Middle East , Refinitiv Eikon , Hyundai Oilbank Corp , Lotte Chemical , Mittal Energy Ltd , Sri Paravaikkarasu , Florence Tan ,

Asia's naphtha prices, margins hit 2014 highs on demand growth, costly LPG

Asia's naphtha prices and refining margins jumped to their highest since 2014 propelled by strong demand growth for the petrochemical feedstock and as alternative liquefied petroleum gas (LPG) becomes expensive amid a global power crunch. ....

United States , Ciaran Tyler , Mohi Narayan , Simon Cameron Moore , Armaan Ashraf , Thomson Reuters Trust Principles , Energy Aspects , India Hpcl Mittal Energy Ltd , Korea Hyundai Oilbank Corp , Energy Aspect , International Energy Agency , Middle East , Refinitiv Eikon , Hyundai Oilbank Corp , Lotte Chemical , Mittal Energy Ltd , Sri Paravaikkarasu , Florence Tan , Thomson Reuters Trust ,

China's fuel clampdown curbs its LCO imports, Korean refiners to suffer | Hellenic Shipping News Worldwide

China’s fuel clampdown curbs its LCO imports, Korean refiners to suffer
China’s imports of light cycle oil (LCO) are set to fall in coming months as authorities crack down on its illicit trading and sales in South China, dealing a blow to the $10 billion market and to refiners in top supplier South Korea.
China’s imports of the cheaper but more pollutive diesel blending fuel nearly doubled to record levels in 2020, but a clampdown in top oil consuming Guangdong province has curbed demand.
The amount of South Korean LCO, a refinery by-product, to be loaded for shipment to China in May is down 60% from March while spot premiums have halved, industry sources said. ....

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China's Fuel Clampdown Curbs Its LCO Imports

China’s imports of light cycle oil (LCO) are set to fall in coming months as authorities crack down on its illicit trading and sales in South China… ....

South Korea , South Korean , Fitch Solutions , Hyundai Oilbank Corp , Taxation Administration , South China , S Oil Corp , Hyundai Oil Bank , State Taxation Administration , தெற்கு கொரியா , தெற்கு கொரியன் , ஃபிட்ச் தீர்வுகள் , தெற்கு சீனா , கள் எண்ணெய் கார்ப் , ஹூண்டாய் எண்ணெய் வங்கி ,

China's fuel clampdown curbs its LCO imports, Korean refiners to suffer

South China clampdown tackles both tax evasion and air pollution
Chinese LCO imports to fall, hitting top supplier South Korea
SINGAPORE, April 28 (Reuters) - China’s imports of light cycle oil (LCO) are set to fall in coming months as authorities crack down on its illicit trading and sales in South China, dealing a blow to the $10 billion market and to refiners in top supplier South Korea.
China’s imports of the cheaper but more pollutive diesel blending fuel nearly doubled to record levels in 2020, but a clampdown in top oil consuming Guangdong province has curbed demand.
The amount of South Korean LCO, a refinery by-product, to be loaded for shipment to China in May is down 60% from March while spot premiums have halved, industry sources said. ....

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