A total of 100,000-120,000mt of imported gasoil in three cargoes is expected to arrive in China in October, according to state-owned importers.
One of the three will be destined for North China and the other two may both go to East China, the importers said.
Another state-owned importer also plans to import gasoil in October, a foreign trader said.
The imports may be stimulated by supply crunch concerns, as demand picked up seasonally and run rates of major refineries touched the lowest level of this year at 78.63% in September, market sources said.
In addition, gasoil import margins kept rising and hit about Yuan 400/mt in late September, when Singapore gasoil prices declined tracking crude's losses while domestic prices ascended on firm fundamentals, the sources also said.
The margins may remain good in October, because domestic gasoil wholesale prices may still be in uptrend on firm demand, traders expected.
Gasoil demand may grow further with bearish expectations fading away after the government cut retail ceiling prices on Oct 9, the traders stated.
