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China’s State Refiners Cut Runs to 2-Month Low: OilChem

OIL

Run rates at China’s state-owned refineries fell to 80.3% capacity in the week to Oct. 12, according to OilChem.

  • This is the lowest level since Aug. 10, based on OilChem data.
  • Rates have fallen due to the start of planned maintenance at refineries in Guangdong and Qingdao.
  • Sinopec’s Qingdao petrochemical refinery was shut Oct. 7 and is expected to be down until the end of November. Its Zhangjiang refinery is down between Oct. 5 and Dec. 5.
  • Among the independent refineries in the Shandong region, known as ‘Teapots’, run rates were stable on the week at 64.99%.
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