China’s gasoline exports jumped 97.4% on year in August – customs data
COMMODITIES DATA
China’s gasoline exports jumped 97.4% on year in August – customs data
COMMODITIES DATA

China’s gasoline exports jumped 97.4% on year in August – customs data

 

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China’s gasoline exports jumped 97.4% to 1.12 million tonnes in August from a year earlier, according to data from the General Administration of Customs, as refiners took advantage of fresh export quotas amid faltering domestic demand.

Export volumes for the January to August period were 30.4% lower than the corresponding period last year, showed the data.

Diesel exports were at 830,000 tonnes, up 51.8% from August 2021 and the volume for the January to August period totaled 3.25 million tonnes, down 78.3% on the same period last year. Exports of jet fuel in August declined 15.4% from the same period last year to 780,000 tonnes. However, year-to-date shipments were 4.4% higher than the year before at 5.54 million tonnes.

China topped up with a fourth batch of export quotas of 1.5 million tonnes for this year, taking the total so far this year to 24 million tonnes, still a third lower than 2021.