CHINA DATA: State refiners cut runs to 81% in March amid maintenance

China’s crude throughput in March is set to be lower than in February as state refiners cut operating rates for scheduled maintenance, while independent refineries further lower throughput due to weak refining margins and sluggish demand amid a domestic COVID-19 resurgence, latest data from S&P Global Commodity Insights showed March 25. The country’s crude throughput averaged 14.04 million b/d over…