China's foreign trade value totalled Yuan 45.47 trillion ($6.51 trillion) in 2025, logging a 3.8% rise from 2024 and hitting a new all-time high, according to latest data released by the country's General Administration of Customs (GACC) on January 14.

Between December 30-31, 2025, multiple naphtha suppliers across China reported receiving oral notifications from local tax authorities that, starting in 2026, China's domestic naphtha supplied via internal transfers, inter-group supply, and designated direct supply is expected to be subject to a uni

China's gasoil market is expected to see an annual rebound in both supply and demand in January 2026 primarily due to a low base in the same period last year, when Chinese New Year (CNY) holiday was during this period, according to OilChem's analysis.   Specially, China's gasoil consumption is estim

Wanhua Chemical successfully achieved on-specification ethylene by ethane cracking process at the opening of the year, marking the first domestic feedstock transition of a million-tonne-scale ethylene plant from propane cracking to pure ethane cracking

On the demand end, the gasoline transactions are projected to remain flat, while traders' inquiries will likely improve by middle of the month. The gasoil demand is expected to further weaken with consumption hitting low in northern China and continuing to slow in southern China.