China’s small-scale independent refineries are set to witness their sharpest throughput cut in February as the slowdown in the economy was aggravated by the coronavirus outbreak, refining sources and analysts told S&P Global Platts this week. Receive daily email alerts, subscriber notes & personalize your experience. Register Now “Independent refineries, especially those in Shandong, got hit the hardest this time around, with their utilization rates slashed and operations shut down for some,” Kang Wu, head of Platts Analytics Asia, said. Still, there is a large amount of uncertainty regarding the outbreak and its impact on the Chinese economy. Globally, the number of confirmed cases has risen to 20,647, with 20,471 of those in China, according to the World Health Organization Tuesday. At least […]