By
China controls diesel exports through quotas to a few state-run traders after sizing up domestic needs. Beijing has approved fourth-quarter export quotas for Sinopec, a source close to the matter said.
The source said the volumes approved are more than 1 million tonnes for the quarter, declining to give specific numbers.
Traders said the approved volumes are about 1.2 million tonnes for the fourth quarter or about 400,000 tonnes each month.