As of the week ending
May 7, the average CDU run rate at Shandong independent refineries stood at 53.88%,
down 0.04 percentage points WoW. This week, no additional refineries underwent
turnarounds or restarted their units. In the meantime, most refineries
sustained steady utilization, despite Dongying Qirun Chemical marginally lowering
its operating rates. Overall, the average CDU run rate at Shandong independent
refineries saw a minimal dip.
In
the coming week, no additional refineries are scheduled to shut down for
maintenance. China Overseas Energy postponed its resumption schedule, and
Xintai plans to raise its unit utilization. Therefore, the average CDU run rate
at Shandong independent refineries is anticipated to rise slightly,
corresponding to an ample supply of gasoline, diesel, and other refined
products.