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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
Exports of refined products from China in September are estimated to have been 4.01m mt, up 28% compared to August, according to OilChem’s tracking of ship schedules.
- The rise is attributed to the release of the third batch of export quotas on Sep. 1 and a consistently high export profit margin.
- In East China, export profits of gasoline and gasoil were 1,032 y/t and 1,395 y/t respectively as of Sep. 27.
- OilChem estimates that current planned refined oil product export from China in October stand at 4.17m mt. However, this is subject to change.
- Gasoil exports are likely to remain elevated amid tight supply in Europe and weaker demand in China, OilChem said.
- Profit margins for gasoline may diminish as falling demand in the US puts pressure on prices.
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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