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China’s exports of very-low-sulfur
marine fuel rose 31% from a year earlier to the third-highest
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monthly rate this year, customs data showed on Monday, thanks to
improving container throughput at major ports.
China exported nearly 1.9 million tonnes of very-low-sulfur
fuel oil (VLSFO) in September, measured mostly by sales from
bonded storage for vessels plying international routes, data
from the General Administration of Customs showed.
That compared with 1.94 million tonnes in August and 1.45
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million tonnes a year before.
Year-to-date exports were 14.52 million tonnes, down
0.3%from a year earlier.
Container throughput for international trade at eight major
Chinese ports in September rose by 1.5% from a year earlier, up
from a 0.9% drop in September 2021, according to data from
China’s port association.
Fuel oil imports into bonded storage, including both
high-sulfur and low-sulfur products, were down 8.5% from a
year earlier at 560,000 tonnes.
The table below shows China’s fuel oil imports and exports,
all in metric tonnes.
The column of exports under bonded storage trade largely
captures China’s low-sulfur oil bunkering sales along its
coast.
Exports Bonded yr/yr
storage %change
January 2,329,677 40
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February 1,314,684 -3.8
March 1,418,758 -15.5
April 1,217,794 -35.7
May 1,404,540 -9.4
June 1,408,737 -15
July 1,595,021 -9.7
August 1,935,335 21.6
September 1,897,549 30.5
Import Ordinary Bonded Total y/y %
trade storage change
trade
January 202,456 620,707 823,163 7.2
February 317,825 547,894 865,720 -11.1
March 415,471 560,420 975,892 4.2
April 360,049 346,856 706,906 -20.4
May 531,450 500,452 1,031,902 -2.6
June 191,636 636,042 827,678 -17
July 432,050 307,723 739,773 -45.9
August 270,204 397,760 667,964 -64.2
September 457,774 559,462 1,017,236 -9.6
(Reporting by China commodities team; Editing by Christian
Schmollinger)