LPG deep processing margins for plants equipped with aromatic units in Shandong Province declined as prices of feedstock climbed.
Based on ex-refinery price of 93-Ron gasoline, the margins was Yuan 343/mt on average in theory Wednesday, down by Yuan 100/mt from one week ago, C1 estimated.
Prices of aromatization feedstock climbed by Yuan 150/mt in the past week, when aromatic type gasoline prices stayed unchanged and ultraclean LPG prices rose by Yuan 75/mt, C1’s assessment showed.
Calculated by ex-refinery price of aromatic type gasoline, margins for the plants average Yuan 178/mt Wednesday, down by Yuan 100/mt on week.
C1 calculated LPG deep processing margins mainly on the basis of C1's intraday price assessments of spot feedstock and products, as well as average output ratio of deep processing plants. C1 also took into consideration the average processing cost of the domestic oil refining industry, transportation cost, consumption tax, value-added tax and losses, etc., while excluding the other costs like financial cost and sales tax, etc.
