Highlights High throughput, low exports lead to weak product sales Zhejiang Petrochemical Co. delays startup of its fourth CDU The average utilization rate of China’s four state-owned refineries rose by two percentage points on the month to a four-month high of 82.4% in June, compared with 80% in May and 76% in April, as more refineries restarted from scheduled maintenance, S&P Global Platts data showed on June 25. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now As a result, the country’s crude throughputs are expected to rise further from the record high in May. China had processed 14.31 million b/d or 60.5 million mt of crude in May, data from the National Bureau of Statistics showed. Around 38 million mt/year of refining capacity returned to operation between end May and early June across five refineries under Sinopec and PetroChina. Several refining sources with […]