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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 product oil exports are planned at 3.72m mt in June, a fall of 5.1% on the month, according to OilChem.
- The exports will be comprised of 0.84m mt of gasoil, 0.9m mt of gasoline, and 1.98m mt of jet fuel.
- Production at state-owned refineries is projected to remain constrained by the maintenance season which started in April.
- Moreover, demand in the main export outlets in Asia is lacklustre, while refineries in the likes of Indonesia and Vietnam have resumed domestic production.
- Middle Eastern gasoil is also expected to flow to Asia due to poor arbitrage economics with Europe.
- These factors combined are likely to squeeze both available export cargoes and export margins for Chinese refineries.
Source: OilChem
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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