Chinese refineries run rates drop to 81.1% in mid-July

20 July 2012 09:12  [Source: ICIS news]

SINGAPORE (ICIS)--Operating rates of major Chinese refineries averaged about 81.1% on 19 July, a slight decline of 1.22 percentage points from two weeks ago, according to data from C1 Energy, an ICIS service in China..

The slide was mainly due to turnarounds at Sinopec Yangzi Petrochemical’s 4.5m tonne/year crude distillate unit and PetroChina Lanzhou Petrochemical’s 1.4m tonne/year coker.

In addition, PetroChina Jinxi Petrochemical slightly lowered its crude runs because of the glitch at its 1m tonne/year residue fluid catalytic cracker.

Sinopec Shanghai Petrochemical and Sinopec Jinmen Petrochemical both resumed normal operation at their refineries in mid-July after completing turnarounds at some units.

The refinery operating rate is an average of 35 major refineries that have a combined capacity of 363m tonnes/year, accounting for 72% of the total capacity of major refineries.

Lower refinery operating rates tend to increase feedstock costs for China's chemical plants, which in turn may choose to decrease their own production.

By: Amy Sun
+65 6780 4359

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