Singapore-Chinese state-owned refineries are cutting crude runs this month from the all-time highs seen in December and January, ahead of the February 13-19 Lunar New Year holiday, a Platts survey showed.Eight Sinopec refineries in China surveyed by Platts will process 6.22 million mt (1.62 million b/d) in February, down slightly from 7.04 million mt (1.66 million b/d) in January. The refineries have aggregate capacity of 95.5 million mt/year, accounting for 47% of Sinopec's total, according to Platts' calculations.
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