The average run rate at China’s state-owned refiners Sinopec, PetroChina, Sinochem and China National Offshore Oil Corp. dropped for the second-straight month due to many refineries starting maintenance in April, a monthly survey by S&P Global Platts showed Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now A total of eight refineries have been undergoing maintenance in April compared with three in March, which helped drag down the overall run rate to around 81% in April, down from 82% in March. The run rate, however, was two percentage points higher than last year. In January-April, the overall run rate at the state-owned refineries was steady on year at 81%. The Platts April survey covered 39 refineries — 20 under Sinopec, 17 under PetroChina, CNOOC’s Huizhou refinery and Sinochem’s Quanzhou refinery. These refineries, with a combined capacity of 8.73 million b/d, had planned to process 7.1 […]