Highlights Utilizations only rise in low-risk regions like Sichuan Refining margin up on cheap feedstock, but domestic sales slow More export quotas to ease stock pressure China’s crude throughput is set to fall further in May, extending the downtrend seen in April when it fell to the lowest in two years, as prolonged pandemic-related movement restrictions prompt state refiners to slash output further, data from S&P Global Commodity Insights showed May 27. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Asia’s biggest oil consumer is witnessing overall subdued crude runs as output cuts and scheduled maintenance works at state refiners, which account for majority of China’s refining capacity, have overshadowed the revival in run rates at independent refiners. The country’s crude throughput slumped to 12.66 million b/d in April, according to NBS data, the lowest since touching 11.81 million b/d in March 2020 following lockdowns […]