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China Jul refined oil exports down 17.2% MoM

sxcoal.com Import & Export,  Resource 2020-08-07 14:35:01

China exported 3.21 million tonnes of refined oil in July, dropping by 0.67 million tonnes or 17.2% from a month ago, and the month-on-month decline expanded by 16.8 percentage points over June, according to the newest data from the General Administration of Customs.


The export value amounted to $1.02 billion, and the average export price was estimated to reach $317.7/t in July, up $8.6/t or 2.8% from June.


China's cumulative refined oil exports over January-July slid 1.03 million tonnes or 2.7% year on year, hitting 36.97 million tonnes in total. The export value fell by $5.0 billion or 23.0% to $16.72 billion.


The export price of China's refined oil exports during January-July averaged $452.3/t.


(Writing by Shengnan Liu  Editing by Jessie Jia)
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