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China Marine Fuel Exports Rise 12% in March m/m

OIL
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China’s exports of marine fuel oil rose 12% in March m/m to 1.32mn metric tons according to General Administration of Customs data.

  • Stronger volumes emerged as bunker prices at key Chinese ports like Zhoushan and Shanghai were lower than prices at regional hub Singapore in March, drawing some demand.
  • Export volumes for bunkering in the first quarter totalled 4.16 million tons, 11.9% lower than the same period in 2023.
  • First quarter fuel oil imports totalled 5.57 million tons, climbing 3.3% compared to the first quarter in 2023.
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China’s exports of marine fuel oil rose 12% in March m/m to 1.32mn metric tons according to General Administration of Customs data.

  • Stronger volumes emerged as bunker prices at key Chinese ports like Zhoushan and Shanghai were lower than prices at regional hub Singapore in March, drawing some demand.
  • Export volumes for bunkering in the first quarter totalled 4.16 million tons, 11.9% lower than the same period in 2023.
  • First quarter fuel oil imports totalled 5.57 million tons, climbing 3.3% compared to the first quarter in 2023.