AIRLINK 181.39 Decreased By ▼ -2.38 (-1.3%)
BOP 11.17 Decreased By ▼ -0.09 (-0.8%)
CNERGY 8.54 Increased By ▲ 0.01 (0.12%)
CPHL 94.26 Decreased By ▼ -2.18 (-2.26%)
FCCL 46.18 Increased By ▲ 0.01 (0.02%)
FFL 15.66 Decreased By ▼ -0.09 (-0.57%)
FLYNG 28.18 Decreased By ▼ -0.18 (-0.63%)
HUBC 142.77 Decreased By ▼ -0.67 (-0.47%)
HUMNL 13.24 Increased By ▲ 0.24 (1.85%)
KEL 4.53 Increased By ▲ 0.09 (2.03%)
KOSM 5.79 Increased By ▲ 0.02 (0.35%)
MLCF 65.51 Increased By ▲ 0.94 (1.46%)
OGDC 212.88 Decreased By ▼ -1.20 (-0.56%)
PACE 6.05 Increased By ▲ 0.08 (1.34%)
PAEL 46.60 Decreased By ▼ -0.42 (-0.89%)
PIAHCLA 18.17 Increased By ▲ 1.08 (6.32%)
PIBTL 10.61 Increased By ▲ 0.18 (1.73%)
POWER 12.31 Increased By ▲ 0.19 (1.57%)
PPL 170.90 Decreased By ▼ -0.84 (-0.49%)
PRL 34.27 Decreased By ▼ -0.25 (-0.72%)
PTC 22.86 Increased By ▲ 0.47 (2.1%)
SEARL 94.95 Increased By ▲ 2.04 (2.2%)
SSGC 42.47 Increased By ▲ 1.64 (4.02%)
SYM 14.19 Decreased By ▼ -0.01 (-0.07%)
TELE 7.21 Decreased By ▼ -0.07 (-0.96%)
TPLP 9.91 Decreased By ▼ -0.10 (-1%)
TRG 65.55 Decreased By ▼ -1.10 (-1.65%)
WAVESAPP 9.85 Decreased By ▼ -0.28 (-2.76%)
WTL 1.32 No Change ▼ 0.00 (0%)
YOUW 3.76 Decreased By ▼ -0.03 (-0.79%)
AIRLINK 181.39 Decreased By ▼ -2.38 (-1.3%)
BOP 11.17 Decreased By ▼ -0.09 (-0.8%)
CNERGY 8.54 Increased By ▲ 0.01 (0.12%)
CPHL 94.26 Decreased By ▼ -2.18 (-2.26%)
FCCL 46.18 Increased By ▲ 0.01 (0.02%)
FFL 15.66 Decreased By ▼ -0.09 (-0.57%)
FLYNG 28.18 Decreased By ▼ -0.18 (-0.63%)
HUBC 142.77 Decreased By ▼ -0.67 (-0.47%)
HUMNL 13.24 Increased By ▲ 0.24 (1.85%)
KEL 4.53 Increased By ▲ 0.09 (2.03%)
KOSM 5.79 Increased By ▲ 0.02 (0.35%)
MLCF 65.51 Increased By ▲ 0.94 (1.46%)
OGDC 212.88 Decreased By ▼ -1.20 (-0.56%)
PACE 6.05 Increased By ▲ 0.08 (1.34%)
PAEL 46.60 Decreased By ▼ -0.42 (-0.89%)
PIAHCLA 18.17 Increased By ▲ 1.08 (6.32%)
PIBTL 10.61 Increased By ▲ 0.18 (1.73%)
POWER 12.31 Increased By ▲ 0.19 (1.57%)
PPL 170.90 Decreased By ▼ -0.84 (-0.49%)
PRL 34.27 Decreased By ▼ -0.25 (-0.72%)
PTC 22.86 Increased By ▲ 0.47 (2.1%)
SEARL 94.95 Increased By ▲ 2.04 (2.2%)
SSGC 42.47 Increased By ▲ 1.64 (4.02%)
SYM 14.19 Decreased By ▼ -0.01 (-0.07%)
TELE 7.21 Decreased By ▼ -0.07 (-0.96%)
TPLP 9.91 Decreased By ▼ -0.10 (-1%)
TRG 65.55 Decreased By ▼ -1.10 (-1.65%)
WAVESAPP 9.85 Decreased By ▼ -0.28 (-2.76%)
WTL 1.32 No Change ▼ 0.00 (0%)
YOUW 3.76 Decreased By ▼ -0.03 (-0.79%)
BR100 12,588 Increased By 72.3 (0.58%)
BR30 37,879 Decreased By -72.9 (-0.19%)
KSE100 117,316 Increased By 414.5 (0.35%)
KSE30 36,116 Increased By 183.7 (0.51%)

SINGAPORE: China’s fuel oil imports hit their highest in seven months for November, customs data showed on Friday, as more supply was drawn over for the bunker pool, according to industry sources.

The imports totalled 2.55 million metric tons, or about 540,000 barrels per day, data from the General Administration of Customs showed.

The volume was higher by 24% month-on-month and more than doubled year-on-year.

This included purchases under ordinary trade, which are subject to import duty and consumption tax, as well as imports into bonded storage.

More low-sulphur fuel oil continued to be drawn towards China for the bunker supply pool, sources said.

The latest batch of marine fuel export quotas had been below market expectations, leading to less domestic supply available for bunkering.

In contrast, high-sulphur fuel oil demand for Shandong’s refinery use had softened, said Emma Li, Vortexa’s China oil market senior analyst.

“Chinese high sulphur fuel oil demand is very weak, independent refiners are still struggling to finish their crude import quotas,” Li said.

On the exports front, fuel oil volumes for bunkering totalled 1.71 million metric tons in November, up 42% month-on-month and climbing 31% year-on-year.

China’s oil consumption peaked in 2023

The exports are measured mostly by sales from bonded storage for vessels plying international routes.

The tables below show China’s fuel oil exports and imports in metric tons.

The exports section largely captures China’s low-sulphur oil bunkering sales along its coast.

Comments

200 characters