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China CDU Capacity Utilizations High


The CDU capacity utilizations of China's refineries hit a two-year high in early August with an average of 73.65% according to OilChem.

  • State-owned refineries reacted the most actively to the demand growth, with their CDU capacity utilization rates which exceeded 80%, a three-year high.
  • Independent refinery recovery was milder – with rates below Autumn 2022 levels.
  • OilChem believes that the CDU capacity utilization rates of domestic refineries will remain between 73-74% over August-October.

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