China independent refiners' Aug feedstock imports steady; tax checks curb throughput

摘要

Chinese independent refineries' feedstock imports were largely stable in August, when refiners in Shandong reduced utilization rates during tax inspections, thereby limiting their feedstock throughput. Feedstock imports were at 15 million mt, or 3.55 million b/d, in August compared with 15.15 million mt in July, data from S&P Global Commodity Insights showed Sept. 8. The steady volume was supported by independent refineries in Shandong as their arrivals rose 2.7% from July to a seven-month high of 10.1 million mt. The feedstock imports comprised 13.59 million mt of crude oil, 1.34 million mt of bitumen blend and 113,000 mt of fuel oil.