Chinese refineries will reduce their throughput during the current quarter ahead of the country’s National Day holiday that begins in October, S&P Global Platts reports , citing a general state-imposed curb on industrial activity aimed at keeping pollution in check and reducing the risk of accidents ahead of the holiday. The reduction will likely affect not just throughput rates but also import rates during the quarter, the news agency noted. One city in the province of Shandong—home of most of China’s so-called teapot refineries—has already issued a mandatory cap on industrial activity at 70 percent of capacity for the months of August and September for industries including oil refining, glass manufacturing, cement, and pharmaceuticals. “This kind of mandate would cut independent refineries’ crude throughput by 10-15%,” one Beijing analyst told S&P Global Platts. Other sources note that if the cap mandated by the city of Zibo is replicated across […]