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Chinese Refining Throughput Likely to Hit Record in September

REFINING

Chinese refining combined crude throughput is likely to hit a record high in September according to Platts.

  • Throughput is expected to remain high into October. Domestically, higher petchem demand and the upcoming 8-day Golden Week travel boom are supporting consumption.
  • In August, China's crude throughput hit a record high 15.3 million b/d (64.69 million mt) after rising 2.5% from July, data from the National Bureau of Statistics showed Sept. 15. The prior record was 14.97 million b/d in March.
  • In September, 50 state-owned refineries covered by Platts, with a combined capacity of 10.66 million b/d, planned to process 9.265 million b/d of crude oil.
  • Private refineries continued to operate at relatively high run rates during the month. Average run rates in September were around 69.5%, up from 66.5% in August, data from local energy information provider JLC showed.
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