June crude processing gains 3.2% to 11 million barrels a day $9-$10 a barrel refining margin ‘quite decent’ in June: ICIS China processed a record amount of crude oil into fuels during both June and the first half of the year amid sustained profit margins and as private refiners boosted operations. Crude refining last month rose 3.2 percent from a year earlier to 45.08 million metric tons, or a record 11 million barrels a day, according to data released by China’s National Bureau of Statistics on Friday. Processing climbed 2.8 percent to 267.35 million tons (10.77 million barrels a day) during January to June. Margins for larger, state-owned refineries in June were at $9 to $10 a barrel, lower than $16 in the first quarter though still “quite decent” compared to about $8 a year ago, according to Amy Sun, an analyst with ICIS China, a Shanghai-based commodity researcher. […]