China’s gasoline exports fell by a third in April from a year earlier, but were higher than expected as refiners slashed bulky inventories amid falling domestic demand under Covid-19 lockdowns, Chinese customs data showed. this Wednesday (18).
Chinese refiners were initially expected to cut fuel exports in April to avoid domestic shortages amid the Ukraine crisis, but they ended up increasing overseas shipments as Covid-19 restrictions sharply reduced fuel consumption. .
China exported 980,000 tonnes of gasoline last month, data from the General Administration of Customs showed, up from 1.16 million tonnes in March and 1.47 million tonnes a year earlier.
Diesel exports totaled 530,000 tonnes, down from 2.72 million tonnes exported a year earlier and down from 670,000 tonnes in March.
Overseas sales of jet fuel, including refueling at Chinese airports for international flights, rose 46% year-on-year to 960,000 tonnes, the highest monthly volume in two years.
Total refined fuel exports, including marine bunker fuel, were down 44% in April from a year earlier. Exports in the first four months were down 38% on Beijing’s policy of curbing excessive domestic refining.
Wednesday’s data also showed China’s liquefied natural gas (LNG) imports dropped 34.5% to 4.35 million tonnes, the lowest level since March 2020.
January-April imports were down 17% as importers avoided expensive global supplies.
Source: CNN Brasil
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