The refinery would shut an 8-mil-mt/yr crude distillation unit, a 3-mil-mt/yr hydrorefining unit and a 1.4-mil-mt/yr hydrocracker then. Base oils production would be suspended as a result, introduced the source.
The turnaround was previously scheduled to start from Nov 5, he added. The refinery had halted spot supplies of Group I and Group II base oils since mid September, sending all resources to its underlying lubricant plants, the source said.
Limited supplies from the refinery would intensify Group I and Group II supply shortage in East China, some local traders noted. They estimated November prices of the two grades would hit annual record-high there.
Gaoqiao Petrochemical has a 400,000-mt/yr production capacity for Group I base oils and 300,000-mt/yr for Group II resources.
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