Major Chinese refineries’ maintain stable run rate at 81.5%

11 May 2012 09:59  [Source: ICIS news]

SINGAPORE (ICIS)--Operating rates of major Chinese refineries averaged 81.5% on 10 May, up by 0.21 percentage points from two weeks ago, and are likley to rise further towards the end of the month, industry sources said on Friday.

Dalian Petrochemical and Jinzhou Petrochemical restarted a combined 10.5m tonne/year capacity in early May, boosting the average refinery run rate in northeast China by 8 percentage points, according to C1 Energy, an ICIS service in China.

However, the run rate in northeast China dropped by 21 percentage points mainly because of the maintenance at Dushanzi Petrochemical.

The other regions largely recorded stable refinery run rates in the period.

The operating rate is expected to rise to 84-86% in late May, when Dushanzi Petrochemical and Zhenhai Refining & Chemical resume operation, market sources said.

The refinery operating rate is an average of 35 big refineries that have a combined capacity of 7.26m bbl/day, accounting for 72% of China’s total capacity of major refineries.

By: Jean Zou
+65 6780 4359

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