Home / Knowledge / News / Textiles / Asian refinery production rates down
Asian refinery production rates down
14
Oct '10
In Pakistan, oil refinery production declined by a significant 14 per cent to only 1.8 million tons during the third quarter of 2010, due to the floods, which brought to a halt, some of the operations.

In the same quarter, oil refineries in Middle-East Asia too remained underutilized. Experts are of the opinion that, refinery run rates among the key Middle East refineries will remain subdued until at least the end of 2010.

Output rate of oil refineries in Taiwan, Japan and Korea is also likely to remain below the average of the last five years (Taiwan - 75%, S Korea - 84% and Japan - 78%), until at least the first quarter of 2011.

From 2004-2008, refineries in Japan, Korea and Taiwan witnessed a combined average production rate of 87%. However, over the past 12 months it has dropped to 78.5%.

Singapore's cracking margins too remained weak in the second half of 2010 and stood below US $1.55 / bbl and the average is expected to be $1.50 / bbl in the first half of 2011.

Further capacity additions in the Middle East, from where the next wave of projects, scheduled for 2014-2016 is at present under uncertainty. Deferrals and cancellations are expected to curtail the size of the next wave.

Market research analysts expect that between 2010 and 2020, China and India will add 6.16 mmb / day of CDU capacity, which would be more than 90% of the total net Asian capacity additions during the same time period.

Fibre2fashion News Desk - India


Must ReadView All

Courtesy: American & Efird

Textiles | On 20th May 2018

A&E introduces Repel

American & Efird (A&E), a global leader in industrial sewing thread...

Archroma working with House of Denim Foundation

Textiles | On 20th May 2018

Archroma working with House of Denim Foundation

Archroma, a leader in colour and specialty chemicals, has joined...

Courtesy: Amazon

Textiles | On 20th May 2018

Amazon opening first fulfillment centre in Tucson

Amazon.com is opening its first fulfillment centre in Tucson, which...

Interviews View All

Top executives
Textile & apparel bodies

The decision to reduce GST on MMF yarn to 12% is transformational

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Riddhi Jain

Conceived in Europe and curated in New Delhi, NeceSera is a...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Lynda Kelly
Suominen Corporation

Suominen Corporation is a manufacturer of nonwovens as roll goods for...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Nisha Chanda
Whistling Woods International School of Fashion

<div>A lack of upgraded courses in costume designing and fashion as per...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search