According to Prussian Energy Information Report, the latest data released by the General Administration of Customs on Monday showed that China’s gasoline exports rebounded 56.1% in July from a year earlier to about 1.56 million metric tons, better than the 18% increase in June.
Some analysts believe that after the full commissioning of Hengli Petrochemical (Dalian) Refinery with an annual output of 20 million metric tons, China’s domestic market demand is weak, prompting state-owned refineries to export more gasoline.
| Azodicarbonamide (AC foaming Agent) |
Customs data show that China exported 998,000 metric tons of gasoline in June, which was lower than expected. It is also believed to have led to a sharp increase in exports in July.
However, Klper, a data intelligence provider, said China shipped and exported 1425,000 tons of gasoline in June, based on vessel tracking information.
Compared with the same period last year, exports increased by 74.5% year-on-year.
In July, China’s exports to Africa, Nigeria, Mexico and Ecuador, the Middle East, the United Arab Emirates and Oman totaled 504,000 metric tons, accounting for 32.3% of the total exports in that month.
| EDTA |
By contrast, exports to these countries totaled 198,000 metric tons in June, accounting for 22.2% of total exports.
Among these countries, exports to Nigeria were 167,000 metric tons, an increase of 177.8% over the previous month, while exports to Mexico increased 315.8% to 138,000 metric tons in July.
Apart from these five destinations, the rest are traditional Asian receivers.
| Melamine |