Sinopec Shijiazhuang Refinery cut its LPG daily supply by 25% to about 450mt as its fluid catalytic cracker entered 7-10-day maintenance on Nov 1, a refinery source said.
The refinery stabilized its LPG posting price at a high level of Yuan 5,630/mt on decreased supply and nearly zero stock. The price was Yuan 270/mt higher than the quotation from nearby Huabei Petrochemical, highest in North China.
Despite the high offer, Shijiazhuang Refinery still enjoyed satisfying sale on robust demand Tuesday, a local distributor said.
Most distributors in Shijiazhuang expected the price would rise in the near term on thick price gains in East China market.
Shijiazhuang Refinery, located in Shijiazhuang City of North China's Hebei Province, has a topping capacity of 5-mil mt per year.
China ChemNet will hold China SNG/CBM (International) Summit on 24-27 Nov, 2010 in Changji City of Xinjiang Province. This summit is the high-end international summit under the guidance of authorities and experts, conference topics include five major aspects of policy interpretation, industry research, business promotion, business meetings and Sino-foreign cooperation, is not only the new type coal chemical industry conference, but also the best opportunity to energy giant polymerization, government and enterprises investment, investors looking for the project. Sincerely welcome you to attend the summit. Details: http://news.chemnet.com/list/zt/meeting/2010energy/index.html
The refinery stabilized its LPG posting price at a high level of Yuan 5,630/mt on decreased supply and nearly zero stock. The price was Yuan 270/mt higher than the quotation from nearby Huabei Petrochemical, highest in North China.
Despite the high offer, Shijiazhuang Refinery still enjoyed satisfying sale on robust demand Tuesday, a local distributor said.
Most distributors in Shijiazhuang expected the price would rise in the near term on thick price gains in East China market.
Shijiazhuang Refinery, located in Shijiazhuang City of North China's Hebei Province, has a topping capacity of 5-mil mt per year.
China ChemNet will hold China SNG/CBM (International) Summit on 24-27 Nov, 2010 in Changji City of Xinjiang Province. This summit is the high-end international summit under the guidance of authorities and experts, conference topics include five major aspects of policy interpretation, industry research, business promotion, business meetings and Sino-foreign cooperation, is not only the new type coal chemical industry conference, but also the best opportunity to energy giant polymerization, government and enterprises investment, investors looking for the project. Sincerely welcome you to attend the summit. Details: http://news.chemnet.com/list/zt/meeting/2010energy/index.html
