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China’s Run Rates to Fall in Q2: OilChem

OIL

China’s domestic refineries are expected to carry out extensive maintenance in Q2, bringing CDU utilisation rates to around 70%, according to OilChem.

  • This is down around 2 percentage points compared to Q1,
  • The chart below shows the maintenance plans at domestic refineries, according to OilChem data:

Source: OilChem

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