China’s June diesel exports rebounded from May and more than doubled from the same period last year, as refiners shipped out more surplus barrels amid record refinery production.
Diesel shipments last month reached 2.36 million tonnes, versus 1.68 million tonnes in May and 1.04 million tonnes in June 2020, data from the General Administration of Customs showed on Sunday.
Chinese refineries processed at record rates in June as plants returned from maintenance and due to the start-up of a new crude unit at private mega refiner Zhejiang Petrochemical Corp in April.
Traders also rushed to bring in earlier booked cargoes of blending fuels – light cycle oil and mixed aromatic – before a new tax came into effect, adding to a domestic fuel surplus.
Recent Posts
GCMD Publishes Insights from Landmark Ammonia Transfer Trial Off Western Australia
GEODIS Releases 2024 Activity and Sustainability Report, Reaffirms Climate Commitment
Strengthening India-Norway maritime ties at Nor-Shipping 2025
Magenta Mobility appoints Nand Kumar Sharma to lead charging infrastructure & projects
CMA CGM Showcases Strategic Maritime Initiatives with India During Secretary MoPSW’s Visit to Marseille
Port of Brisbane Unveils Vision 2060 to Drive Smarter, Cleaner, and More Connected Future
Wärtsilä to Deliver Hybrid Propulsion Systems for Vertom Group’s New Low-Emission Vessels
Latvian port receives electric Konecranes Gottwald Mobile Harbor Crane