Commercial fuel oil inventories of major oil terminals in South China totaled 1.89-1.91-mil mt as of Oct 12, down by 40,000mt from Sep 28, but up by 310,000mt from a year ago, C1 survey showed.
The stock took up 69% of the total storage capacity of the terminals.
Seven fuel oil cargoes totaling 17,000mt for internal trade entered the terminals and 58,000mt flowed out during the period.
The fuel oil stock is expected to rise in the coming week because of post-holiday replenishments of traders and operators of minor refineries.
The tank farms involved in C1's survey on commercial fuel oil inventory in Huangpu market include PetroChina Fuel Oil's Zhanjiang oil terminal, Titan's Xiaohudao oil terminal, Zhanjiang Port oil terminal, BP's Nansha oil terminal, Dongguan Jinming oil terminal, Sinochem-Gree oil terminal, Yuehai's Xiaohudao oil terminal, Chimbusco's Zhuhai Guishan oil terminal and Xiji oil terminal. Storage capacity of these tank farms adds up to 2.747-mil cu m.
