CHINA DATA: Shandong independent refiners’ throughput recovers to eight-month high in July

Robust refining margins prompted China’s independent refiners to ramp up feedstock consumption in July to the highest level in eight months, pulling down port inventories to eight-month lows. However, a fresh round of tax inspection as well as some refinery maintenance may put a lid on August consumption. Combined July feedstock consumption was at 2.36 million b/d, rising 7% from…