12 April 2012 10:55 [Source: ICIS news]
SINGAPORE (ICIS)--Operation rates of major refineries in ?xml:namespace>
The figure was down by 3.15 percentage points from two weeks earlier, mainly because of refinery turnarounds in northeast
Dalian West Pacific Petrochemical (WEPEC) shut its 10m tonne/year refinery for turnaround over 3-20 April.
Jinzhou Petrochemical’s 4.5m tonnes/year crude distillate unit (CDU) went into month-long maintenance in April.
The run rates in east China were largely stable in the past two weeks as Zhenhai Refining & Chemical restarted its 8m tonne/year CDU on 5 April and shut down a 9m tonne/year CDU on 11 April.
In addition, Shanghai Petrochemical ran at higher rates with the turnarounds at some secondary conversion units complete.
Anqing Petrochemical in central
Major refinery run rates are expected to rebound to around 81% in the second half of April, when a combined 11.5m tonne/year refining capacity at WEPEC and Jingmen Petrochemical will come back online, market sources said.
The refinery operation rate was an average of 35 big refineries that have a combined capacity of 7.26m bbl/day, accounting for 72% of
Lower refinery operating rates tend to increase feedstock costs for
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|