30 August 2012 11:58 [Source: ICIS news]
SINGSPORE (ICIS)--The operating rates of major Chinese refineries averaged 80.1% on Thursday, a slight fall of 0.32 percentage points from two weeks ago, according to data from C1 Energy, an ICIS service in ?xml:namespace>
The drop was mainly because of a turnaround at Sinopec’s 100,000 bbl/day
The operating rates in east China increased by 3 percentage points as Sinopec Yangzi Petrochemical further raised crude throughput after restarting its 90,000 bbl/day crude distillation unit (CDU).
Major refinery run rates are expected to rebound in September because Sinopec will restart its units in Jingmen and Maoming after turnarounds.
The average 82.3% refinery operating rate was compiled from 35 major Chinese refineries that have a combined capacity of 7.26m bbl/day, which accounts for 72% of the total capacity of major refineries, according to C1 Energy.
Lower refinery operating rates tend to increase feedstock costs for
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