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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL PRODUCTS
Chinese Refiners are waiting for a new batch of product export quotas in August before ramping up exports further, according to Vortexa.
- The new batch of quotas is estimated to be around 10m mt, with a further 5mt of LSFO exports. This will not exceed 2022 levels of exports.
- Some refiners proposed to convert the LSFO quotas to clean fuel exports, but Beijing is unlikely to relax clean fuel exports according to market participants.
- Domestic demand has been falling as summer harvest and planting come to an end and high temperatures and frequent rainfall dent infrastructure construction activities.
Source: Vortexa
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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