Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.


  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

In this list
Oil

Refinery news: Sinopec Hainan raises Mar oil product exports by 42% on month

Energy | Coal | Thermal Coal | Oil | Refined Products | Metals | Steel | Raw Materials | Aromatics | Olefins | Polymers

Market Movers Asia, Nov 18-22: Clarity on China's oil import quotas, steel outlook in focus

Oil

Platts Market Data – Oil

Oil | Refined Products | Fuel Oil | Shipping | Dry Freight | Marine Fuels | Tankers

Middle East Bunker Fuel Conference

Oil

Refiners need to be incentivized more to meet VLSFO demand for IMO 2020: FGE

Refinery news: Sinopec Hainan raises Mar oil product exports by 42% on month

Highlights

State-owned China Petroleum and Chemical Corporation, or Sinopec, plansto export around 270,000 mt of oil products from its 184,000 b/d (9.2 millionmt/year) Hainan refinery in southern China in March, a refinery source saidTuesday.

Not registered?

Receive daily email alerts, subscriber notes & personalize your experience.

Register Now

The planned exports are 42% higher than 190,000 mt planned for February, S&P Global Platts calculations showed.

The March exports are expected to comprise around 60,000 mt of gasoline, 80,000 mt of jet fuel and 130,000 mt of gasoil, the source said.

Its exports in February comprised 40,000 mt of gasoline, 50,000 mt of jetfuel and 100,000 mt of gasoil, according to the source.

Sinopec Hainan plans to process 790,000 mt of crude oil in March, accounting for 101% of its total processing capacity, up from 88% planned for February.

The refinery's parent company, Sinopec, has been awarded the first round of oil product export quotas totaling 9.6 million mt for 2018 by the Ministry of Commerce -- 1.3 million mt of gasoline, 4.7 million mt of jet fuel, and 3.6million mt of gasoil -- up 58.7% year on year, Platts data showed.

Sinopec normally allocates export quotas to 13 of its refineries alongthe coastal areas.

China grants export quotas to qualified companies and refineries almost every quarter. Unused quotas can be rolled over to the following quarter but not to the following year.

--Staff, newsdesk@spglobal.com

--Edited by Geetha Narayanasamy, geetha.narayanasamy@spglobal.com