China Increases May Fuel Export Quotas to 500,000 Tons
China approved 500,000 tons of fuel exports for May following refiner lobbying. The volume is double April levels but remains well below historical averages.
Xurve View
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Xurve View
China approved 500,000 metric tons of fuel exports for May, nearly doubling the shipments forecast for April. The volume remains 68.75% below last year's monthly average of 1.6 million tons. Investors are monitoring how Beijing balances domestic supply security against state refiners' desire for high overseas margins.
