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China Gasoline and Diesel Exports Slip in April

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China’s gasoline exports in April slipped to the lowest level since July 2015 according to customs figures on firmer domestic demand.

  • April exports of gasoline out of China stood at 400,000 million metric tons (3.38 mn bpd), down 50.8% y/y, General Administration of Customs data showed on Saturday - 65% below March's 1.15 million tons.
  • WoodMac expects China gasoline exports to remain low in May due to Labour Day holiday demand this month.
  • Diesel exports were 760,000 tons in April - down 46% from 1.42 million tons in March on weak export arbitrage and limited quotas.
  • Sinopec and PetroChina are considering cutting back on refined fuel output in June according to Reuters sources because of weak margins.
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China’s gasoline exports in April slipped to the lowest level since July 2015 according to customs figures on firmer domestic demand.

  • April exports of gasoline out of China stood at 400,000 million metric tons (3.38 mn bpd), down 50.8% y/y, General Administration of Customs data showed on Saturday - 65% below March's 1.15 million tons.
  • WoodMac expects China gasoline exports to remain low in May due to Labour Day holiday demand this month.
  • Diesel exports were 760,000 tons in April - down 46% from 1.42 million tons in March on weak export arbitrage and limited quotas.
  • Sinopec and PetroChina are considering cutting back on refined fuel output in June according to Reuters sources because of weak margins.