China: November Diesel Exports Set to Ease to Around 800,000 Tonnes Amid Thin Domestic Stocks, Traders Say
Chinese refiners have sold roughly 500,000 metric tons of diesel for loading in November so far, according to traders and Reuters calculations based on trade data, with multi-year low domestic stockpiles limiting exports. While refiners have yet to finalise all deals for the second half of November, preliminary estimates showed diesel exports this month could ease to 800,000 tons at best, according to four traders and an industry executive familiar with the refiners' export plans.
Fuel exports from China, Asia's major swing supplier, have been volatile since the US-Israel-Iran war broke out in February, as the Chinese government imposed curbs to prioritise domestic supplies, requiring refiners to obtain approval for sales each month.
Since China began relaxing export controls in July, diesel exports have surged to multi-year highs, to 1.33 million tons in August and 1.8 million tons in September, thinning domestic inventories, analysts said.
Source: 中国炼油行业
Published by GSM · USA (original Chinese edition)
Photo: 照片：中国兰州一座炼油厂的厂区夜景，Cie tsy-yin 摄，Wikimedia Commons，CC BY 4.0 授权 / Photo: A refinery in Lanzhou, China at night, by Cie tsy-yin, Wikimedia Commons, CC BY 4.0
