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China’s crude oil imports hit new record high, soybean imports jump, iron ore imports dip to 4-month low

China’s crude oil imports rose to all-time high on a daily basis in October, supported by record demand from private refiners and healthy margins, soybean imports jumped while iron ore import dip to a new low in four months, shows official data released on Thursday.

Crude oil mports surged 32 per cent from a year earlier to 40.80 million tonnes, or 9.61 million barrels per day, according to the General Administration of Customs, compared with 9.05 million bpd in September.

That surpassed the previous daily record of 9.60 million barrels per day recorded in . . .

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