ICIS C1 Energy publishes monthly reports to keep you fully informed of refining activities. The C1 China Refinery Operating Analysis Report and the C1 China Independent Refinery Monthly Report give in depth and informative news about turnaround schedules, capacity expansions, refining margins, commercial storage, margins, shipping and commentary. This premium coverage will keep you abreast of all the market conditions and allow you to make those vital strategic business decisions.
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Refining: Market overview
Updated to Q4 2014
Crude throughput in China is expected to increase and China’s monthly average imports of crude will stay high at 25m-26m tonnes in the fourth quarter because of reduced refinery turnarounds and operations of some new refining projects, according to ICIS China’s data.
Most major refining subsidiaries to Sinopec and PetroChina have resumed normal production in succession after they completed heavy turnarounds in the third quarter.
Shijiazhuang Petrochemical and Yangzi Petrochemical, owned by Sinopec, started their new CDUs in August and late September separately will also support the crude throughput in the fourth quarter, ICIS China’s data showed.
Sinopec is planning to process 59m-60m tonnes of crude in the fourth quarter, an increase of about 2.1% from the previous quarter, company sources said. PetroChina is set to refine 39m-40m tonnes of crude in the third quarter, a significant increase of 10.8%.
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Refining news & analysis
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.