BLACK CHINA BLOG


The Chinese oil refining industry has started to take seriously the drop in demand for its product.   As a consequence, green coke production levels are finally coming down.   Indicative of this is the situation for the independent (non Sinopec or PetroChina) refineries. The table below shows the reductions happening this month.   Production levels for these […]

By: Paul Adkins | Read More

Green coke Green coke prices continue to fall.   Refineries are exhibiting the classic signs of the economic incentives of producing high value products at a time when the oil price is falling.   Chinese refineries can now start to bring the costs back under the prices they can achieve for aviation gas, petrol and so on.   […]

By: Paul Adkins | Read More

Green Coke The market for green coke suffered a severe decline after the national day holidays.  The price of 1A dropped 500-600Yuan/ton, to 2100 – 2200yuan/ton, back to the level of September 2007.   Jinzhou and Jinxi refineries, where the coke is mainly 1B grade, came down to 1500-2000yuan/ton. Although the 1B price of Jilin […]

By: Paul Adkins | Read More

An extract from today’s China Daily newspaper (online edition).   Note that year-on year the Chinese GDP sits at 9.9%, which compares to the World Bank’s forecast in February this year that China would fall to 9.6% by the end of the year.    The point being that China’s GDP number on a y-o-y basis is not […]

By: Paul Adkins | Read More

Green coke At the end of September, the domestic Green coke inventory level was very high, and many refineries had “before Vacation promotion”, in order to sell more products.   But it didn`t work out, and the downstream companies are now waiting to see how far this price cutting can go.   The first 12 days of […]

By: Paul Adkins | Read More

Watch out for your copy of the latest Black China Report, which was published today. This month’s report includes a special section which looks at the Chinese coal industry, as well as the Chinese’ Government’s strategy for urbanisation. In the current market turmoil around the world, all eyes are watching to see what the Chinese […]

By: Paul Adkins | Read More
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