GUANGZHOU - Operating rates of independent refineries in Shandong province averaged 46.3% on Thursday, up by 1.4 percentage points from a week ago, according to ICIS C1 data.

The figure was up by 6.4 percentage points from the year-ago level.

Some refiners lifted operating rates to fulfill the targets for the year, according to sources.

29 independent refineries were in operation on Thursday, with the total throughput at 102,000 tonnes/day, up by 3,000 tonnes/day week on week.

ICIS C1 research involves in 32 independent refineries in Shandong, with crude refining capacities aggregating 72.65m tonnes/year.