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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.
REFINING
Chinese independent refineries gasoline and gasoil production was at a three year high in Q1 2024 with a combined production of 33.47 million tonnes year-to-date as of March 21 - up 3.74% y/y according to OilChem data.
- Chinese independent refineries have maintained relatively high utilization rates recently, which averaged 61.54% over March 15-21, a w/w increase of 0.24%.
- The corresponding gasoline and gasoil production managed a weekly gain of 1.7% at 2.75 million tonnes.
- Looking ahead, the independent refineries are projected to keep the capacity utilization rates at the current level based on the available maintenance plans, based on an OilChem survey.
- See chart for China independent refineries production estimate to mid-April
- (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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