Chinese refinery daily throughput expected to rise 0.6% in February

12 February 2014 12:32  [Source: ICIS news]

SINGAPORE (ICIS)--Chinese refineries are expected to refine a combined 38.5m-39.0m tonnes of crude and fuel oil in February, with the daily throughput up by 0.6% from the previous month, ICIS C1 data showed on Wednesday. 

Crude throughput is estimated at 1.32m-1.37m tonnes/day, a rise of 1.0% month on month.

The total crude throughput of Sinopec and PetroChina is expected to increase by 0.6% on a daily basis in February, when both of the oil giants have no turnarounds at subsidiary refineries.

China National Offshore Oil Corporation, Shaanxi Yanchang Petroleum (Group) and China North Industries Group Corporation will all continue to maintain stable crude runs at their subsidiary refineries in February.

Chinese independent refineries’ crude runs are expected to go up by 5% in February, while their fuel oil throughput is projected to dip by 13%.

Major refineries will account for about 88% of China’s total crude and fuel oil throughput in the month, and independent refineries take up only 12%.

Crude refining capacities at major refineries and independent refineries account for 77% and 23% of China’s total, respectively.

By: Amy Sun
+65 6780 4359

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