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CHINA DATA: July crude throughputs to keep rising amid good demand, end of maintenance

CHINA DATA: July crude throughputs to keep rising amid good demand, end of maintenance
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CHINA DATA: State-owned refiners raise Jan run rates to 81% after maintenance | Hellenic Shipping News Worldwide

The average utilization rate at China’s four state-owned refiners rebounded in January to 80.7%, with nearly 1.53 million b/d capacity coming online following scheduled maintenance, while independent refiners largely retained high run rates, S&P Global Platts data showed Jan. 27. This was about three percentage points higher from the eight-month low of 78.2% in December, .

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REFINERY NEWS ROUNDUP: China s 2021 crude throughput up on year | Hellenic Shipping News Worldwide

China’s crude throughput rose 4.6% year on year to 14.13 million b/d in 2021 despite refineries cutting crude runs by 2.1% in December to offset product inventory pressure, National Bureau of Statistics data released Jan. 17 showed. The higher throughput in 2021 was attributed to refining capacity expansion, and as refineries produced more oil products .

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China s crude throughput rises 5% to 14 13 mil b/d in 2021, falls 2% on year in Dec

China s crude throughput rises 5% to 14 13 mil b/d in 2021, falls 2% on year in Dec
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China s crude throughput to fall in July on independent refiner cuts, quota limits

China’s crude throughput to fall in July on independent refiner cuts, quota limits China’s crude throughput in July will likely fall slightly from the record high in June as expected cuts by private refiners over the month amid adverse weather offset the impact of mostly steady run rates at state-owned refiners. The average utilization rate of China’s four state-owned refineries was around 82% in July, steady compared with 82.4% in June, a four-month high, according to S&P Global Platts July 26. The four state-run oil companies Sinopec, PetroChina, CNOOC and Sinochem plan to process a total 32.06 million mt of crudes, or 7.58 million b/d of crude in July, against their nameplate capacity of 9.24 million b/d. This compared with their earlier plan of processing 31.07 million mt, or 7.59 million b/d, of crude in June.

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