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Holiday driving, cooling demand prompt China's independent refineries to boost runs

Holiday driving, cooling demand prompt China's independent refineries to boost runs
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CHINA DATA: Shandong independent refiners' throughputs hit 26-month low | Hellenic Shipping News Worldwide

Feedstock consumption at Shandong’s independent refineries continued to fall and hit a 26-month low in April amid weak refining margins, data form local information provider JLC showed on May 12. The volume fell 9.1% from March to 7 million mt, which was also a six-month consecutive fall since November 2021. The weak refining margins resulting . ....

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CHINA DATA: Independent refineries' feedstock imports up 6.7% on month in March

The combined feedstock imports for China’s independent refineries in March recovered 6.7% to 14.055 million mt from the four-month low in February, but the trend is unlike to sustain in April, S&P Global Commodity Insights’ data showed on April 7. Weakening domestic demand for oil products amid the current wave of COVID-19, crude prices volatility . ....

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