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Free AccessChina Still Considering Increase in Export Quotas
China’s clean product exports fell sharply from early 2021 and averaged 480kbd in the first eight months of this year.
- Out of the 22.5mt of clean product export quotas issued to state-owned refiners this year, only 65% of the quotas have been utilized according to Vortexa.
- China is considering boosting export quotas by 15m tons this year probably to help boost the economy and take advantage of strong export margins compared to domestic margins.
Source: Vortexa
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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.