Feedstock consumption at Shandong’s independent refineries rebounded to a four-month high of 8.18 million mt, or 1.93 million b/d, in May amid restarts from maintenances, with the level expected to be stable in June. Not registered? Receive daily email alerts, subscriber notes & personalize your experience. Register Now The volume in May jumped 16.9% from the 26-month low of 7 million mt in April, ending a consecutive three-month fall, data from local information provider JLC showed on June 13. However, the volume was still 18.6% below the 10.05 million mt in the same month of last year, the data showed. The rise was due to a combined 22.1 million mt/year, or 442,000 b/d, of refining capacity from six independent refineries resuming operation from maintenance in May. However, refining margins in the sector were too thin to boost throughput further. According to JLC’s calculation, the theoretical refining losses from processing […]