25 May 2012 08:15 [Source: ICIS news]
SINGAPORE (ICIS)--The operating rates of major Chinese refineries averaged 86.3% on 24 May, up by 4.77 percentage points from two weeks ago, as turnarounds ended at some facilities, according to C1 Energy, an ICIS service in ?xml:namespace>
PetroChina’s Daqing Petrochemical restarted its 120,000 bbl/day refinery in northeast
PetroChina’s Dushanzi Petrochemical restarted its 10m tonne/year crude distillate unit (CDU) in northwest
Sinopec’s Zhenhai Refining & Chemical (ZRCC) resumed operations at its 9m tonne/year crude distillation unit (CDU) and some secondary processing units at
Other refineries such as Sinopec’s Yanshan Petrochemical recorded stable run rates of 78%.
The operating rates are expected to decline in early June as Sinopec will shut some of its refineries for turnarounds, 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
Higher refinery operating rates tend to decrease feedstock costs for
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