CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

May Throughput at Chinese Independent Refineries Rises

REFINING

Refinery throughput at Shandong’s independent refineries in China rose to a four-month high of 8.18 million mt or 1.93 million bpd in May based on figures from local information provider JLC. Production rose as refineries came back from maintenance. The level is expected to remain stable in June.

  • The volume in May jumped 16.9% from the 26-month low of 7 million mt in April but the volume was still 18.6% below the 10.05 million mt in the same month of last year.
  • The rise was due to a combined 22.1 million mt/year, or 442,000 b/d, of refining capacity from six independent refineries resuming operation from maintenance in May.
  • Chinese refiners are being hit by weak margins due to prolonged lockdowns in the country, putting pressure on runs rising much higher.
BulletEnergy BulletsHomepageCommodities
BulletEnergy BulletsHomepageCommodities

To read the full story

Close

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.