Market sources ascribed the stable run rate to slight changes in refining margins and bounce of international crude prices.
As of Aug 26, a total of 25 independent refineries were in operation in Shandong, feedstock throughput of which added up to 66,600mt daily, unchanged on week.
As reported earlier, refining margin of domestic Shengli crude for Shandong independent refineries inched down Yuan 1/mt to Yuan 442/mt and that of straight-run fuel oil improved Yuan 36/mt to minus Yuan 167/mt.
A survey involves in 29 independent refineries, with annual oil refining capacities aggregating 5.25-mil mt, accounting for 86% of the total topping refineries of Shandong independent refineries.
China Chemical Weekly: http://news.chemnet.com/en/detail-1403616.html
