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OIL PRODUCTS: China’s State-Owned Refineries to Lift Production: OilChem

OIL PRODUCTS
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China’s state-owned refineries are projected to keep raising their CDU capacity in September, according to OilChem.

  • This represents a 0.21 percentage point rise on the month and would be the third consecutive month of rising CDU capacity utilisation.
  • The return of refineries from maintenance season has boosted average CDU capacity over the past months.
  • However, refinery margins in China have been under pressure throughout 2024.
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China’s state-owned refineries are projected to keep raising their CDU capacity in September, according to OilChem.

  • This represents a 0.21 percentage point rise on the month and would be the third consecutive month of rising CDU capacity utilisation.
  • The return of refineries from maintenance season has boosted average CDU capacity over the past months.
  • However, refinery margins in China have been under pressure throughout 2024.