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OIL: China Feedstock Arrivals in Shandong Teapots Fell 14% in April: OilChem

OIL

The arrival of feedstocks into independent refineries in Shandong and Tianjin ports fell 14% in April m/m to 9.09m tons, according to OilChem.

  • Feedstock arrivals constituting crude oil, fuel oil, and bitumen mixtures. may remain low this month amid more planned maintenance.
  • Arrivals of crude oil fell 22% m/m to 6.87m tons while bitumen was down 40% to 300k tons.
  • Fuel oil arrivals however increased on the month to 1.92m tons with a record 1.19m tons of Russian fuel oil.
  • Fuel oil is preferred as a feedstock supplement for primary units and as a raw material for secondary units, despite low runs and margins.
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The arrival of feedstocks into independent refineries in Shandong and Tianjin ports fell 14% in April m/m to 9.09m tons, according to OilChem.

  • Feedstock arrivals constituting crude oil, fuel oil, and bitumen mixtures. may remain low this month amid more planned maintenance.
  • Arrivals of crude oil fell 22% m/m to 6.87m tons while bitumen was down 40% to 300k tons.
  • Fuel oil arrivals however increased on the month to 1.92m tons with a record 1.19m tons of Russian fuel oil.
  • Fuel oil is preferred as a feedstock supplement for primary units and as a raw material for secondary units, despite low runs and margins.