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REFINING: China CDU Utilization Rates to Rise in Week to Oct. 3: OilChem

REFINING
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The CDU capacity utilization rates of state-owned refineries are projected to rise in the week to Oct. 3 with Tianjin Petrochem yet to reach full capacity, according to Mysteel OilChem.

  • The rates of independent refineries in Shandong Province are likely to jump as the Yulong Refinery ramps up after commissioning.
  • CDU rates at domestic refineries averaged 70.64% last week, up 0.35 percentage points from the previous week.
  • A National Day holiday travel boost is expected to support overall gasoline demand, but gasoil demand is project to slow during the week aided by lower downstream stock builds.

 

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The CDU capacity utilization rates of state-owned refineries are projected to rise in the week to Oct. 3 with Tianjin Petrochem yet to reach full capacity, according to Mysteel OilChem.

  • The rates of independent refineries in Shandong Province are likely to jump as the Yulong Refinery ramps up after commissioning.
  • CDU rates at domestic refineries averaged 70.64% last week, up 0.35 percentage points from the previous week.
  • A National Day holiday travel boost is expected to support overall gasoline demand, but gasoil demand is project to slow during the week aided by lower downstream stock builds.

 

Keep reading...Show less