China’s August fuel oil imports fell 23% year-on-year in August, to 1.46 million metric tons, or about 298,570 barrels per day (bpd), China’s customs data showed on Saturday.

That was also down 26% month-on-month from July.

Exports of low-sulphur marine fuels totalled 1.64 million tons, up 13% from July and 12% year-on-year.

Marine fuel prices at Chinese bunker ports Shanghai and Zhoushan climbed in August amid bullish sentiment.

China’s latest issuance of low-sulphur marine fuel allowances was lower than the 1 million tons issued in the same batch a year ago.

The table below shows China’s fuel oil exports and imports in metric tons.

The exports section largely captures low-sulphur oil-bunkering sales along China’s coast. The import volumes include purchases under ordinary trade, subject to import duties and consumption tax, as well as imports into bonded storage.
Source: Reuters