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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.
OIL PRODUCTS
China’s refined oil production among state-owned refineries is expected to fall by 9.87% on the month to 23.9m mt in November, according to OilChem.
- Production of gasoline will be down 7.75% to 9.3m mt, gasoil will fall 10.6% to 10.64m mt and kerosene will 12.8% lower to 3.96m mt.
- The decline follows two consecutive months of falling capacity utilisation, as well as diminishing demand.
- The number of refineries under maintenance remains unchanged at four, with unavailable capacity stable in November at 1.91m mt.
- Throughput at state-owned refineries is planned for 40.9m mt, down 7% on October, while average capacity utilisation will fall 3.12 percentage points on the month to 77.1%.
- Gasoline and jet fuel demand is expected to weaken amid a reduction in air and car travel during the winter season. Similarly, the end of the harvest season will hit gasoil demand.
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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