Chinese independent refineries’ June crude imports edged down 0.5% to 4.4 million b/d, or 18 million mt, in June from the record high of 4.42 million b/d in May as Zhejiang Petroleum & Chemical could only manage to take in half of its feedstock tanker arrivals due to port congestion. ZPC received about 2.85 million mt of crude arrivals in June, according to market information collected by S&P Global Platts on July 3. However, the 20 million mt/year refinery only managed to take in 1.35 million mt of crude in the month due to congestion problems at Zhoushan port in eastern China’s Zhejiang province, according to refinery and port sources. Its imports were at 2.17 million mt in May. A number of Sinopec refineries in the region and crude barrels delivered to storage facilities in […]