Highlights Sinopec raises utilization rate despite maintenance Independents’ run rates boosted by good margins December run rates likely stable In line with market expectations, the average utilization rate at China’s four state-owned refiners rebounded by two percentage points to 82.6% in November, from a five-month low of 80.6% in October, while independent refiners also raised run rates with refining margins remaining good, S&P Global Platts data showed on Nov. 29. Receive daily email alerts, subscriber notes & personalize your experience. Register Now This will likely continue to support the country’s crude throughputs in November, after it rose 0.8% on the month to 13.81 million b/d in October from a 17-month low in September, according to data released by the National Bureau of Statistics Nov. 15. The four state oil companies — Sinopec, PetroChina, CNOOC and Sinochem — plan to process a total 7.8 million b/d of crudes in November, […]