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Refinery output in China rises nearly 20% on robust demand

April 20/2021

MOSCOW (MRC) -- Chinas daily refinery throughput surged 19.7% in March from a year earlier, as refiners ramped up operations to meet robust fuel demand and to build up inventory before shutting down for overhaul, reported Reuters.

China processed 59.79 million tons of crude oil last month, data issued by the National Bureau of Statistics (NBS) showed on Friday. That is equivalent to 14.08 million barrels per day (bpd), easing off 14.13 million bpd averaged in the first two months.

The strong year-on-year growth was in part due to a low base a year earlier when Chinese fuel demand was badly hit by coronavirus that forced refineries to slash production.

Throughput for the first quarter of this year was 174.04 million tons, up 16.5% year.

Crude oil output rose 3.3% in March versus the same month a year ago to 17.09 million tons, or 4.02 million bpd. Output for the January-March period climbed 1.4% year-on-year at 49.18 million tons.

Natural gas output last month jumped 12.1% from a year earlier to 18.5 billion cubic meters (bcm), and was up 13.1% at 53.3 bcm for the first quarter.

As MRC wrote previously, Zhejiang Petrochemical Co Ltd (ZPC) has started up its No. 2 cracker in Zhoushan, China, which is part of the company's phase 2 petrochemical project in the cournty. Thus, the cracker with an annual capacity of 1.4 million tons/year of ethylene and 700,000 tons/year of propylene began trial runs in early April, 2021. The commercial production at this facility is expected in the coming weeks.

Ethylene and propylene are feedstocks for producing polyethylene (PE) and polypropylene (PP).

According to MRC's ScanPlast report, Russia's estimated polyethylene (PE) consumption totalled 356,370 tonnes in the first two month of 2021, down by 9% year on year. Shipments of exclusively low density polyethylene (LDPE) increased. At the same time, polypropylene (PP) shipments to the Russian market was 246,870 tonnes in January-February 2021, up by 30% year on year. Supply of homopolymer PP and PP block copolymers increased.
Author:Margaret Volkova
Tags:PP, PE, crude and gaz condensate, PP block copolymer, homopolymer PP, propylene, LDPE, ethylene, petrochemistry, Zhejiang Petrochemical, China, Russia.
Category:General News
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