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REFINING
Chinese state refiners plan to raise run rates to a record 81.25% in August, a month-on-month rise of 1.26%, according to OilChem.
- Refinery runs have increased as refineries resume operations following maintenance season, with capacity outages falling to 700k mt in August, down 50% on July.
- Gasoline production is expected to be 11.02m mt, with current gasoline yields at 24.76%. Diesel production is estimated to fall 0.68% on the month to 11.27m mt, while diesel yields stand at 25.32%,
- Jet fuel yields stand at 11.24%, with output expected to rise 7.92% to 5.01m mt.
- The general yield rate of refined oil will then inch up 0.75 percentage point from July to 61.3% in August.
Source: OilChem
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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