News Search

News Search

Search Period

  1.  / 
  2.  / 
  3.    
  4.  / 
  5.  / 
  6.    

Asian Viewpoints

China plans to export 10.75 mil mt products in Q1

Asia Viewpoint: by Ma Dongwei

Industry sources estimated that oil products exports from China in March would be 3.895 mil mt, down 16.3% on year but up 5.4% on month. Exports are expected to be 1.605 mil mt for gasoline, down 12% on year, and 2.29 mil mt for gasoil, down 19% on year. For the first quarter of this year, oil products exports from China are expected to be 10.75 mil mt, down 0.74% from the same period last year.

Considering current projections, exports in March are seen to be lower than the same period last year by more than 10% for both gasoline and gasoil. Nevertheless, exports are seen to have recovered from previous low levels caused by COVID-19. For the first quarter of 2021, oil products exports are relatively stable, aided by an increase in export room from Zhejiang Petrochemical. For the first quarter of this year, gasoline exports are seen to reach 4.835 mil mt, up 6.36% on year. Further, gas oil exports are also increasing every month. For the first quarter of 2021, the fall in gasoil exports is expected to shrink by less than 6%.

Export

Mar 2021 expected

Mar 2020 actual

Change on year

Feb 2021 expected

Change on mth

Jan-Mar 2021 expected

Jan-Mar 2020 actual

Change on year

Gasoline

160.5

182.4

-12.01%

163

-1.53%

483.5

454.57

6.36%

Gasoil

229

282.83

-19.03%

206.5

10.90%

591.5

629.46

-5.87%

Total

389.5

465.23

-16.28%

369.5

5.41%

1,075

1,084.03

-0.74%

Unit: 10kt

 

Beijing : Energy Desk  Ma   +81-3-3552-2411Copyright © RIM Intelligence Co. ALL RIGHTS RESERVED.