Sinopec is estimated to refine 17.4-17.5-mil mt of crude in December, with daily throughput down 3.31% on month to about 564,000mt, a survey showed.
Gaoqiao Petrochemical is expected to slash daily operation rate by 57% due to the maintenance of an 8-mil-mt/yr crude distillate unit, and Jiujiang Petrochemical is estimated to cut its daily run rate by 27% because of the maintenance of a 1-mil-mt/yr fluid catalytic cracker.
The drops are in part offset by 35% of operation rise by Changling Petrochemical, which started an 8-mil-mt/yr CDU in late November.
The other refineries under Sinopec are likely to keep crude throughput stable on the whole.
In spite of higher costs and lower prices for some products, Sinopec's refineries still enjoy some refining margins. They are likely to stabilize crude throughput at high levels amid little maintenance in January 2011.
Gaoqiao Petrochemical is expected to slash daily operation rate by 57% due to the maintenance of an 8-mil-mt/yr crude distillate unit, and Jiujiang Petrochemical is estimated to cut its daily run rate by 27% because of the maintenance of a 1-mil-mt/yr fluid catalytic cracker.
The drops are in part offset by 35% of operation rise by Changling Petrochemical, which started an 8-mil-mt/yr CDU in late November.
The other refineries under Sinopec are likely to keep crude throughput stable on the whole.
In spite of higher costs and lower prices for some products, Sinopec's refineries still enjoy some refining margins. They are likely to stabilize crude throughput at high levels amid little maintenance in January 2011.
