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OIL
CDU rates among state-owned refineries are projected to fall in the week to March 22, according to OilChem.
- This is a factor of maintenance beginning at the Zhongke refinery.
- Among independent refineries in China’s Shandong province, newly arrived feedstocks are expected to lift production and cause a slight rise in CDU utilisation.
- CDU rates averaged 73.15% amongst domestic refineries in the week to March 14, down 0.15 percentage points on the week.
- Run rates at state-owned refineries stabilised, while production fell at some independent refineries in north and central China. This offset a production ramp up in Shandong.
Source: OilChem
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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