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China refineries CDU CUR to fall 1.55pp in Nov

Source: Mysteel Nov 12, 2025 10:47
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Crude Oil Refined Oil Production Supply
According to OilChem's survey, China's domestic refineries are expected to show a monthly average CDU capacity utilization rate (CUR) of 71.92% through November, down 1.55 percentage points from the previous month, which is primarily contributed by the state-owned refineries.   Source: Mysteel OilChem   Accordingly, the refined oil production will likely contract amidst

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