A Glance of China Oil Market 20251110

On the demand end, the gasoline consumption will extend the weakness in the seasonal low. The gasoil demand, on the other hand, will gain support from the logistics and engineering sectors.

A Glance of China Oil Market 20251110

Weekly News

China n-butane market bottoms out on stronger fundamentals

China's n-butane market rebounded recently from the year-to-date low amid increased import price and strengthened fundamentals, yet the uptrend will be curbed from a long-term perspective. In November, due to the tight butane supply in the Middle East, the delivered premium was pushed up to $85/tonne, raising import prices to Yuan 4,276/tonne. Supported by these high costs, n-butane prices showed a significant uptrend, with prevailing transaction prices in Shandong climbing to Yuan 4,370-4,410/t as of November 3, OilChem's data showed. Moreover, the supply-demand fundamentals strengthened, further boosting the uptrend in the n-butane market. Read Full Story

Mixed butane imports rise notably in Q3 on improved demand

China's imports of mixed butane increased significantly in the third quarter of the year, thanks to improving demand buoyed by operations of additional deep processing plants together with recovery of previously off-line units. The country imported around 2.20 mln tonnes of mixed butane in total in the third quarter, an increase of 13.17% month-on-month and 22.86% higher than the same period of last year, according to data from the General Administration of Customs of PRC (GACC). The cumulative demand for butane from butane deep processing plants reached about 2.64 mln tonnes in the third quarter, up by 13.97% month-on-month and 32.66% year-on-year, OilChem data indicates. Read Full Story

China high-purity hydrogen CUR keeps falling on higher growth in capacity than demand

China's high-purity hydrogen capacity maintaining the rapid growth in 2025, yet the demand just showed a slow increase, continuously dragging down the industry's capacity utilization rate (CUR). OilChem's data shows that from 2021 to 2025, China's high-purity hydrogen capacity increased from 366,900 tonnes/year to 662,000 t/y, representing a total growth of 80.44%. The annual growth rate remained high during the first four years but began to retreat rationally starting in 2025, with a compound annual growth rate over the past five years at 15.9%. Read Full Story