Sinopec Qingdao Refining & Chemical had recorded no LPG barge sales since Oct 21 due to extreme weather, a refinery source said.
The refinery had to halt LPG barge loading at Huangdao port in recent two days as "Chaba" and cold air jointly caused surging waves at sea, said the source.
From Oct 21, typhoon "Megi" held LPG barges back from arriving in South China and Zhejiang Province in East China, which were destinations of Qingdao Refining & Chemical's LPG cargoes, according to the source.
With daily LPG commodity output at around 1,300mt, Qingdao Refining & Chemical was now under great sales pressure, the source furthered, adding it accumulatively reduced truck price by Yuan 200/mt from Oct 21.
As reported earlier, Qingdao Refining & Chemical almost sold one barge of LPG each day during mid-October on high settlements in South China and Zhejiang.
"Chaba" and cold snap are forecast to still cause gale winds in East China Sea and northern South China Sea before 08:00 of Oct 28, according to the National Meteorological Center of CMA.
Qingdao Refining & Chemical, located in Qingdao City of Shandong Province, owns an annual crude throughput capacity of 10-mil mt at present. It mainly refines mixture of Saudi heavy and light crude at 1:1 ratio.
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The refinery had to halt LPG barge loading at Huangdao port in recent two days as "Chaba" and cold air jointly caused surging waves at sea, said the source.
From Oct 21, typhoon "Megi" held LPG barges back from arriving in South China and Zhejiang Province in East China, which were destinations of Qingdao Refining & Chemical's LPG cargoes, according to the source.
With daily LPG commodity output at around 1,300mt, Qingdao Refining & Chemical was now under great sales pressure, the source furthered, adding it accumulatively reduced truck price by Yuan 200/mt from Oct 21.
As reported earlier, Qingdao Refining & Chemical almost sold one barge of LPG each day during mid-October on high settlements in South China and Zhejiang.
"Chaba" and cold snap are forecast to still cause gale winds in East China Sea and northern South China Sea before 08:00 of Oct 28, according to the National Meteorological Center of CMA.
Qingdao Refining & Chemical, located in Qingdao City of Shandong Province, owns an annual crude throughput capacity of 10-mil mt at present. It mainly refines mixture of Saudi heavy and light crude at 1:1 ratio.
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
