Platt’s reported July 5 that China’s independent refineries were awarded a second batch of crude import quota allocations for 2018 totaling 9.68 million metric tons (MMT) for 20 refiners, bringing the year-to-date allocation to about 31.4% higher from 98.34 MMT allocated to 33 refineries last year. With the allocation from the Ministry of Commerce (MOFCOM), independent refiners will be able to bring in more crude barrels for refining in the second half of the year. Adding the new allocations, ChemChina would get a total quota of 18.5 MMT, up 23.5% more »
