07 March 2013 09:13 [Source: ICIS news]
SINGAPORE (ICIS)--Major refineries in China are running at an average rate of 83.7% in the past two weeks, according to data compiled by C1 Energy on Thursday.
The run rate is lower compared with 88.2% two weeks ago because of turnarounds at some facilities.
On 5 March, Sinopec shut its 160,000 bbl/day Jinan refinery for 45 days of maintenance. Its subsidiary Hainan Refining and Chemical, meanwhile, continues to run its 160,000 bbl/day plant at above full capacity, notwithstanding an ongoing turnaround at a 3.1m tonne/year residue hydrogenation unit.
Run rates at Hainan Refining and Chemical averaged 102%, down from 115% in the previous two weeks, according to C1 Energy.
PetroChina's 200,000 bbl/day refinery at Qinzhou in Guangxi, on the other hand, was taken off line on 28 February for a two-month turnaround.
C1 Energy, an ICIS service in China, conducts a biweekly survey on operations of China’s 35 major refineries that have a combined capacity of 7.44m bbl/day.Lower refinery operating rates tend to push up the feedstock costs for China's chemical plants, which, in turn, may choose to reduce their own production.
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