CHINA DATA: Independent refineries to cut Nov throughput as feedstock shortage bites
November 3, 2023 Comments Off
China’s independent refineries will have to further cut crude throughput in November as limited availability of crude import quotas created a feedstock supply squeeze, a trend that is likely to continue until new import quotas for 2024 are issued by Beijing, sources and analysts told S&P Global Commodity Insights. From the beginning of November, the average utilization rate at Shandong’s…
CHINA DATA: Independent refineries to cut Nov throughput as feedstock shortage bites
China’s independent refineries will have to further cut crude throughput in November as limited availability of crude import quotas created a feedstock supply squeeze, a trend that is likely to continue until new import quotas for 2024 are issued by Beijing, sources and analysts told S&P Global Commodity Insights. From the beginning of November, the average utilization rate at Shandong’s…
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