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The average utilization rate of China’s four state-owned refiners fell from 84% in August to 82% in September, while independent refiners also cut run rates by two percentage points. As a result, the country’s crude throughput is likely to fall further from the 15-month low of 58.35 million mt in August, data from the National . ....
China’s four oil giants lifted their average utilization rate to a 19-month high of 84% in August as plants returned from maintenance, in line with the expectation that the state-run refineries would compensate for the throughput cut by their independent peers. While independent refineries were expected to cut utilization rate in the second half of . ....
REFINERY NEWS ROUNDUP: China's July oil product exports fall on quota shortages hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Japan ENEOS shut its sole crude distillation unit at the 120,000 b/d Marifu refinery in western Japan on June 22 after a fire, a company official said. The fire broke out around 8:55 pm local time June 20 from a 27,000 b/d continuous catalytic reformer, and the CCR and some desulfurization units were shut right after the fire. “We are shutting down all units [for safety reasons],” the company official said, adding that it was not immediately clear when the company would be able to restart those units. Japan’s ENEOS restarted the sole 141,000 b/d crude distillation unit at its Sakai refinery in western Japan on June 24 after completing scheduled maintenance, a spokesperson said June 28. ....
China’s steel industry is blaming the concentrated ownership of Australia’s iron ore mines for the soaring ore price and is calling for Chinese government intervention. ‘We believe that the supply side is highly concentrated and the market mechanism is not working, so we call for the authorities to play a bigger role in the event of market failure,’ Luo Tiejun, vice president of the China Iron and Steel Association, told an industry conference last week. The reality is that the market is working well and that the Chinese authorities have much less power to influence it than Luo might imagine. ....