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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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Free AccessChina State-run Run Rates to the Highest Since Nov 2021: OilChem
China’s state-run oil refiners raised run rates to the highest since Nov 2021 by 2.16 ppt w/w to 80.06% as of July 13 according to OilChem.
- Sinopec Qingdao and Luoyang ramped up runs after repairs.
- Shandong teapots were +0.06 ppt to 60.86%.
- Commercial diesel stockpiles -0.3% w/w to 16.36m tons as of July 13, while gasoline supplies -0.3% w/w to 12.9m tons.
- Earlier this week they projected the capacity utilization rate to climb 2.31 ppt from June to 79.99% on average in July, with only four refineries still under maintenance from seven in June. Average capacity utilization rate has been nearing the historical high of 80.41% and is expected to hit 80.5%.
To read the full story
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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.