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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 planned exports of refined products are expected to be 2.51m mt in November, down 39.7% on October levels, according to OilChem.
- It is also down 48% compared to planned exports of gasoline, gasoil, and kerosene in November 2022.
- One of the causes of the drop is a lack of export quotas remaining in Q4. From Jan-Sep, exports of refined products totalled 31.89m mt, around 80% of the 39.99m mt assigned in the first three batches of export quotas.
- Export profits have also narrowed across the refined products, which is disincentivising moving products abroad. A fall in global crude prices in October has also pushed down gasoline prices in Singapore, the regional hub.
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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