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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
China's refined oil exports are forecast to fall by 22.04% m/m to 3.29m tonnes in April according to OilChem. The planned exports are however up 44.17% year on year.
- Exports of kerosene account for an increase share of 58% of the total planned exports in April, partly due to the global recovery in aviation.
- The proportion of gasoline exports dropped to 17% in April due to a recovery in domestic consumption amid warming weather.
- A second batch of refined oil export quotas could be expected as China's refineries will have consumed 70% of the first batch after April.
Source: OilChem
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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