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CDU Rates at China’s State-Owned Refineries to Fall: OilChem

OIL

Capacity utilisation rates at China’s state-owned refineries are projected to keep falling in the week to May 2, as some refineries have plans to cut May’s throughput, OilChem said.

  • For independent refineries in China’s Shandong province, CDU capacity utilisation rates are seen flat on the week, as Teapots maintain current levels of production.
  • Capacity utilisation rates across China’s domestic refineries averaged 69.15% the previous week, a fall of 0.6 percentage points from the previous seven days.
  • Driving last week’s fall was a started overhaul at the Zhenhai refinery and reduced production at plants in northeast and northwest China. This offset rising CDU rates among Teapots in Shandong.

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Capacity utilisation rates at China’s state-owned refineries are projected to keep falling in the week to May 2, as some refineries have plans to cut May’s throughput, OilChem said.

  • For independent refineries in China’s Shandong province, CDU capacity utilisation rates are seen flat on the week, as Teapots maintain current levels of production.
  • Capacity utilisation rates across China’s domestic refineries averaged 69.15% the previous week, a fall of 0.6 percentage points from the previous seven days.
  • Driving last week’s fall was a started overhaul at the Zhenhai refinery and reduced production at plants in northeast and northwest China. This offset rising CDU rates among Teapots in Shandong.

Keep reading...Show less