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China’s Teapots to Continue Raising Production: OilChem

OIL PRODUCTS

Weekly CDU capacity utilisation rates at China’s independent refineries are projected to continue rising for the next three weeks, amid improving profits, OilChem said.

  • China’s teapots had already seen a rise in CDU rates to 50% of capacity in the week to Aug. 16, a four-week high.
  • However, poorer refining margins mean that Teapots continue to lag state-owned refineries ‘run rates, which averaged 77% last week.

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