China's crude apparent consumption gains 18.56% H1'10: NBS

Chemical News: China's crude apparent consumption gains 18.56% H1'10: NBS

https://www.chemnet.com Aug 04,2010
China recorded about 215.30-mil mt of crude apparent consumption in the first six months of 2010, up 18.56% over the same period last year, according to the data from the National Bureau of Statistics.

China's crude imports surged 29.97% in the six months to 117.97-mil mt and its output climbed 5.33% to 98.48-mil mt, while exports plunged 56.92% to 1.15-mil mt, the data shows. The country's dependency on imported crude rose 5.74 percentage points to record high of 54.26% in the period.

China's crude imports averaged about 19.66-mil mt per month in the first half of 2010. Chinese importers showed strong interest in crude import as domestic refineries hiked crude throughput amid attractive refining margins and crude prices were expected to rise in the middle to long term.

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