Wednesday, December 7

China’s Sept low-sulfur marine fuel exports rise 31% y/y -customs


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China’s exports of very-low-sulfur

marine fuel rose 31% from a year earlier to the third-highest

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monthly rate this year, customs data showed on Monday, thanks to

improving container throughput at major ports.

China exported nearly 1.9 million tonnes of very-low-sulfur

fuel oil (VLSFO) in September, measured mostly by sales from

bonded storage for vessels plying international routes, data

from the General Administration of Customs showed.

That compared with 1.94 million tonnes in August and 1.45

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million tonnes a year before.

Year-to-date exports were 14.52 million tonnes, down

0.3% from a year earlier.

Container throughput for international trade at eight major

Chinese ports in September rose by 1.5% from a year earlier, up

from a 0.9% drop in September 2021, according to data from

China’s port association.

Fuel oil imports into bonded storage, including both

high-sulfur and low-sulfur products, were down 8.5% from a

year earlier at 560,000 tonnes.

The table below shows China’s fuel oil imports and exports,

all in metric tonnes.

The column of exports under bonded storage trade largely

captures China’s low-sulfur oil bunkering sales along its

coast.

Exports Bonded yr/yr

storage %change

January 2,329,677 40

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February 1,314,684 -3.8

March 1,418,758 -15.5

April 1,217,794 -35.7

May 1,404,540 -9.4

June 1,408,737 -15

July 1,595,021 -9.7

August 1,935,335 21.6

September 1,897,549 30.5

Import Ordinary Bonded Total y/y %

trade storage change

trade

January 202,456 620,707 823,163 7.2

February 317,825 547,894 865,720 -11.1

March 415,471 560,420 975,892 4.2

April 360,049 346,856 706,906 -20.4

May 531,450 500,452 1,031,902 -2.6

June 191,636 636,042 827,678 -17

July 432,050 307,723 739,773 -45.9

August 270,204 397,760 667,964 -64.2

September 457,774 559,462 1,017,236 -9.6

(Reporting by China commodities team; Editing by Christian

Schmollinger)



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