China's import of diesel oil in August to fall sharply
China's import of diesel oil is expected to fall sharply in August, compared with the previous several months, owing
to an increase in domestic supply, and slowing down in demand growth.
It is estimated by traders of the National Oil Trading Company that the import of August is just 40,000 tons by now,
just a third of that in July.
A trader of Sinopec, China's biggest oil refinery, stated that they have got no import order for August. Sinopec is
the company that has the most import amount of diesel oil this year.
Because China takes measures to restrict investment and economize on electricity around the country, and the demand
of diesel oil is in a dead season at present, the sales growth slows down and the storage of diesel oil in some areas
of China rises slightly.
