China fuel oil imports up in April

News was prepared under the information support of Online Daily Newspaper on Hellenic and international Shipping "Hellenic Shipping News".

30 Apr 2009

China's fuel oil imports have been estimated at 2.2-2.4 million metric tonnes (mt) in April, up slightly from 2.23 million mt recorded in March, reports said. Imports coming from Singapore were forecast at a high of 550,000 mt this month, China-based C1 Energy cited industry sources as saying. Some traders are stockpiling fuel oil from Singapore in East China in anticipation of the Chinese government lifting geographic restrictions on the bonded bunker market in April, the sources told the Chinese private industry news agency.
China imports from Japan were down 64% to 100,000 mt in April, while those from South Korea were steady at 200,000-250,000 mt, according to shipping fixtures obtained by C1 Energy.
Imports from Southeast Asia fell 38% to 300,000-350,000 mt, from Venezuela at 400,000-450,000 mt, while imports from the Middle East and other sources were estimated at 200,000-300,000 mt and 200,000-250,000 mt respectively.

Source: TankerWorld