Domestic crude oil processing is expected to increase by 2.22% in November

According to the research data released on 14th by Anxun SiSwang Energy, the total processing volume of China's refineries (including main and local refineries) is expected to be 39.8 million tons -40.40 million tons in November, an increase of 1.14% from the previous month, and the total amount of daily processing. The chain increased by 4.5%, of which processed crude oil amounted to 39 million tons -39.20 million tons, an increase of 2.22% from the previous quarter.

In November, the total processing volume of Sinopec Sinopec Group's two major groups only slightly increased by 0.85%, but due to November's natural days decreased by one day compared with October, the daily processing load increased by 4.21% from the previous month, mainly due to the end of the refinery overhaul of Sinopec and PetroChina. Inner Mongolia called for 5 million tons/year of refining capacity to put into production support.

As part of the refinery inspections of CNOOC's refineries ended, the amount of processed crude oil rose in a chain. The refinery of Yanchang Group and Ordnance Industry Group had no maintenance, and the processing load in November basically remained stable.

In November, the overall operating rate of the refining industry remained at a relatively high level, so the total processing volume of crude oil and fuel oil remained stable.

According to the latest data from Anxun Sixiwang Energy, the proportion of the main refineries and the local refineries can account for 77% and 23% of the national total; however, from the perspective of the plan in November, the processing volume of the main refineries accounts for the total national supply. Of the 89%, the refining only contributed about 11% of the rest.