April 29, 2024 10:10 GMT
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.
Source: OilChem
Keep reading...Show less
108 words