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REFINING: China State CDU Rates to Rise in Week to Jan. 2: OilChem

REFINING
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CDU capacity utilisation rates at China’s state-owned refineries are expected to rise in the week to Jan. 2 amid the postponed restart of Wuhan Petrochem, according to OilChem.

  • Rates at Shandong independent refineries in China are estimated to remain flat with no new maintenance or resumptions.
  • CDU capacity utilisation rates at domestic refineries in China averaged 67.41% last week, down 0.39 percentage points on the previous seven-day period.
  • China’s gasoline demand is projected to remain resilient with building stocks for the New Year’s holiday while Gasoil is seasonally weaker with inventories kept low.

 

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CDU capacity utilisation rates at China’s state-owned refineries are expected to rise in the week to Jan. 2 amid the postponed restart of Wuhan Petrochem, according to OilChem.

  • Rates at Shandong independent refineries in China are estimated to remain flat with no new maintenance or resumptions.
  • CDU capacity utilisation rates at domestic refineries in China averaged 67.41% last week, down 0.39 percentage points on the previous seven-day period.
  • China’s gasoline demand is projected to remain resilient with building stocks for the New Year’s holiday while Gasoil is seasonally weaker with inventories kept low.

 

Keep reading...Show less