Shandong Independent Refineries’ Operating Rates Inched down
According to SCI, the average operating rate of CDUs at Shandong independent refineries was 64.91% as of May 16, down 0.73% week-on-week.
Qingdao Anbang Petrochemical shut down its units for maintenance this week, and the units are expected to be restarted in the middle of July. The other refineries are running their units normally. Accordingly, the average operating rate of CDUs at Shandong independent refineries inched down.
In the next week, Xintai Petrochemical will shut down all its units for maintenance on May 20, and the maintenance is scheduled to last for one month. In the longer term, Yongxin Petrochemical, Hengyuan Petrochemical, Haike Ruilin Petrochemical have maintenance plans. Accordingly, Shandong independent refineries’ CDUs operating rate is predicted to continue slipping.
SCI updated the methodologies of the operating rate of Shandong independent refineries’ CDUs at the end of the third quarter of 2017. A total of 38 independent refineries are sampled in the methodologies. The CDU capacity at the 38 independent refineries is 139.6 million mt/a.
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