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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, namely gasoline, gasoil, and kerosene, totalled 3.41m mt in June, down 3.42% on the month, according to GACC data cited by OilChem.
- Gasoline exports jumped 8.02% on the month to 0.93m mt amid sagging domestic consumption. This is despite weakening export profits which were down 60% on the year.
- Gasoil exports were down 23.25% on the month in June to 0.82m mt, primarily due to meagre export profits pushing more product into the domestic market.
- Jet fuel exports were 1.65m mt in June, up 3.74% on the month and 53% on the year amid the summer travel peak season across Asia.
- China’s refined oil exports for July are planned at 3.25m mt, down 10.96% on planned volumes in June.
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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