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 . . .
To continue reading, please subscribe.
We highly value independence. Yuan Talks is solely funded by subscriptions from thousands of intelligent readers like you.
What you'll get:
- Systematic, timely and data-driven reporting on China's economy and financial markets with details, data and perspectives you don't read elsewhere!
- Daily Brief newsletter delivered before market open every weekday wrapping up the most important China-related stories.
- Weekly Market Wrap-up on A shares, Chinese bonds, the Yuan and commodities!
- Interviews with China experts. We find you insights you should never miss!
- Conference calls and events. Nothing is better than talking to newsmakers, experts and reporters directly, right?
Already have an account? Sign In