China's July gasoline exports rose to third-highest level since 2000

BEIJING (Reuters) — China's gasoline exports in July rose 5.9% from a year ago to the third-highest monthly level since at least 2000 while diesel exports remained high, customs data showed on Wednesday.

China's July gasoline exports rose to 1.02 MMt, according to data from the General Administration of Customs. That is a third higher than exports in June and near to the 1.1 MMt exported in June 2016 that was the highest since at least 2000.

China's diesel exports in July fell 8.8 percent from a year ago to 1.4 MMt, the data showed, but they increased from 1.31 MMt in June.

Analysts have forecast China's diesel demand to increase slightly this year after a rare decline last year, thanks to the country's recovering foreign trade.

Kerosene exports last month fell 3.1% to 1.06 MMt, the data showed. Chinese refineries in July operated at their lowest daily rates since September 2016 to cope with brimming stocks and as state refiners faced off against independents in an unprecedented price war at retail fuel stations.

Reporting by Chen Aizhu; Editing by Richard Pullin and Christian Schmollinger

Related News

From the Archive

Comments