Guangzhou (C1 Energy)--Chinese major refineries were running at an average rate of 87.25% on 19 January, little changed from 87.30% two weeks ago, C1 research showed.
These refineries did not have any maintenance of crude distillate units (CDU) in the past two weeks and their operating rates did not change much.
The above figures were obtained through computation on the basis of refineries’ primary refining capacities. If calculated on the basis of their complex refining ratio, the average run rate is 95.89% on 19 January, versus 95.94% on 5 January.
The average operating rate is expected to drop to 82%-83% around the middle of February, as a few refiners will have maintenance then. Anqing Petrochemical plans to start a turnaround at its 5.5m tonne/year refinery, Zhenhai Refining and Chemical plans to undertake maintenance of an 8m tonne/year CDU, Maoming Petrochemical and Jinling Petrochemical each plans to conduct maintenance of a 3m tonne/year CDU in the middle of February, according to sources with them.
Starting from 25 August 2011, C1 increased the number of refineries involved in C1 research from 23 to 35. The total refining capacity of the refineries rises from 281m tonnes/year to 363m tonnes/year, accounting for 72% of the overall refining capacity of China’s major refineries.
