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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 exports of refined oil products reached 3.15m mt in July, according to OIlChem, an increase of 13% on June levels.
- The exports comprised some 1.22m mt of gasoline, 1.05m mt of gasoil, and 0.89m of kerosene.
- The increase was primarily driven by a consumption boost in the US, which increased the profitability of Chinese exports. The export profits of gasoline averaged 668 y/t in East China, up 360 y/t from June.
- Gasoil profits remained firm with exports averaging a profit of 703 y/t amid refinery maintenance in Europe and Asia.
- Planned exports of products in August are 3.23m mt, down from 562k mt on July’s planned levels because of diminishing export quotas. However, exports may be ramped up if the third batch of export quotas is released in August.
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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