June 03, 2024 09:58 GMT
China’s CDU Capacity to Fall on Week: OilChem
OIL PRODUCTS
CDU Capacity Utilisation rates at China’s state-owned refineries are expected to continue falling in the week to June 6, according to OilChem, as Sinopec and CNPC plan to cut daily throughput.
- Among independent refineries in China’s Shandong province, CDU capacity utilisation rates are estimated to fall further with several refineries expected to begin maintenance.
- CDU capacity utilisation rates at domestic refineries in China averaged 70.15% last week, up 0.98 percentage points on the previous seven-day period.
- China’s gasoline demand is likely to increase in the coming days as rising temperatures lift vehicle air conditioning use.
- Gasoil demand is seen as flat, with a rainy season in the southern part of China pressing on demand.
Source: OilChem
Source: OilChem
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