China's Feb imports of refined oil fall 14.29% on month to 3.3-mil mt: GAC

Chemical News: China's Feb imports of refined oil fall 14.29% on month to 3.3-mil mt: GAC

https://www.chemnet.com Mar 11,2011
China's imports of refined oil amounted to 3.3-mil mt in February, down 14.29% from the previous month, according to data released by the General Administration of Customs.

The nation is estimated to have imported 2.01-mil mt of fuel oil in the month, sharply down 420,000mt or 17.28% on month. In face of misty outlook of international crude prices, Chinese fuel oil importers reduced February imports after stocking up before the Spring Festival (Feb 3) , market sources pointed out.

China's imports of distillates might reach 1.29-mil mt in February, down 420,000mt or 24.56% on month, C1 estimated. The imports comprise a combined 500,000mt of gasoline and gasoil, 500,000mt of kerosene and 290,000mt of naphtha.

China exported 1.86-mil mt of refined oil in February, down 13.08% on month, the GAC data also showed.

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