September 24, 2024 10:57 GMT
OIL: China’s Teapots Cut Feedstock Imports by 15% in 2024
OIL
Feedstock imports into Shandong province and Tianjin City by independent refineries during Jan-Aug showed an annual fall of 15%, according to OilChem.
- Feedstock imports totalled 75.92m mt, OilChem added.
- Feedstock arrivals have been falling due to persistently low CDU capacity utilisation rates, driven by weak refining profits.
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