China November diesel exports to ease
Chinese refiners are easing November diesel exports to under 800,000 metric tons as domestic inventories tumble to multi-year lows. Commercial diesel stocks dropped to 11.1 million tons by October amid steady local demand and lower refinery output.
China will slash November diesel exports to under 800,000 metric tons, dropping to the lowest level since July. The reduction comes after a surge in shipments drained domestic inventories to multi-year lows. The pullback highlights how aggressive overseas sales have tightened local supplies, forcing refiners to ration fuel domestically.
