18 Dec 2008 This bodes ill for refiners like China Petroleum & Chemical Corp. (SNP), known as Sinopec, and PetroChina, which face utilization rates at their 17 Apr 2019 However, refinery utilisation rates should pick up moving forward, which should see a reversal in the large draws that we have seen on the 4 Apr 2014 China plans to reach 14 000 thousand b/d of refining capacity by 2015. Utilization Rate – The utilization rate of the refining capacity depends 14 Dec 2012 After considering the global and local factors affecting the oil refining threaten utilization rates in Northwestern European refining. China. 6 Jun 2014 Utilization rates have decreased to about 75% in the past year as Chinese companies continue to build refining capacity against a backdrop of Refinery run rates at the largest Chinese companies CNPC and Sinopec have slumped by 15 percentage points since January, while the independent refiners’ utilization rates have plummeted by 28
16 Sep 2014 China is already the world's largest net importer of crude oil, with the EIA likely providing a buffer against declining utilization rates," adds Hu. 18 Dec 2008 This bodes ill for refiners like China Petroleum & Chemical Corp. (SNP), known as Sinopec, and PetroChina, which face utilization rates at their 17 Apr 2019 However, refinery utilisation rates should pick up moving forward, which should see a reversal in the large draws that we have seen on the
25 Mar 2019 The utilization rate of independent refineries increased from 30% in 2014 to 60% in 2018, and the share of imported crude oil in processing 16 Jan 2020 The group also forecast China's crude oil throughput would grow to 675 million tonnes in 2020, with average utilization rate at refineries across 19 Feb 2020 The average refinery utilization rate is expected to fall to 71% from an expected 78.6% before the coronavirus outbreak. Large Chinese refiners 5 Feb 2020 "Independent refineries, especially those in Shandong, got hit the hardest this time around, with their utilization rates slashed and operations fortune for China's independent refineries. They historically suffered from low margins and utilization rates due in part to limited access to crude oil. Starving the
l By 2018, the average refinery capacity in China was only 87 Kb/d, which is only half of the global average level . l Excluding the outdated capacity of less than 40kb/d, the average utilization rate could be around 82% in 2018. China’s overall crude storage is at 760 million barrels, versus a peak of 780 million barrels in early June last year, Kpler’s data shows. (Graphic: China oil storage utilization rates - here ) Still, average utilization rates at Chinese refineries were at 76% in 2019, below the global level of 80%-85% and pointing to a capacity glut. Profit margins in the petrochemical sector fell 13.9% in 2019 from a year ago, the biggest hit since 2008. The survey of over 20 of China's largest state-owned refineries carried out by Platts every month shows that the average utilization rate fell to 80% of total installed capacity over January to August this year, from 83% during the same period of 2012. China's independent refiners have seen their average utilization rates surge to a historical high of 70% at end-2017, on the back of crude import quotas. They made sure that existing quotas were always fully utilized, in order to keep import quotas coming the following year.
China’s small-scale independent refineries are set to witness their sharpest throughput cut in February as the slowdown in the economy was aggravated by the coronavirus outbreak, refining FGE's China Oil Service provides clients with a comprehensive understanding of the key aspects of the sector developments, refining business, and oil markets in China. China is currently at a critical juncture. It faces both opportunities and challenges as the second largest oil market in the world. As a consequence, most industry surveys put China’s refinery capacity utilization in the range of 75 to 77% down from around 82% in 2010. This realization has resulted in several refining projects being delayed or shelved, as both major market participants – Sinopec and PetroChina – reassess and evaluate. Refiner Operable Capacity Percent Utilization ; Refinery Operable Capacity Percent Utilization ; U.S. Total Weekly Inputs & Utilization