China’s major refinery margins fall on higher feedstock costs

摘要

SINGAPORE (ICIS)--Refining margins of major Chinese refiners declined over the past two weeks mainly because of increased crude costs, ICIS China data showed on Thursday. Based on the integrated ex-refinery prices of oil products, the margins for refining Daqing crude averaged at yuan (CNY) 357.3/tonne (or $7.48/bbl) on 30 March, down by CNY100.8/tonne (or $2.1/bbl) from 16 March.