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 ?xml:namespace>
However, the run rate in northeast
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
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