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China’s Sinochem offers Sept gasoil spot cargoes – sources

Wednesday, 23 August 2023 | 16:00

China’s Sinochem International Corp 600500.SS is offering September-loading spot 10 ppm sulphur gasoil sales via a tender, three sources said on Tuesday.

The state-owned refiner is looking to sell at least 80,000 metric tons of gasoil loading Sept. 15-17 from Quanzhou port, they added.

The tender closes on Aug. 22, with bids to be valid till Aug. 24.

The offer comes after some September-loading gasoline sales were concluded a week earlier by other Chinese major refiners, one source said.

This fuelled speculation that China could issue a third batch of fuel export quotas soon, with the market waiting on an announcement since early August.
Source: Reuters (Reporting by Trixie Yap; Editing by Jacqueline Wong)

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