The commercial fuel oil stock of major oil terminals in South China was 1.89-1.91-mil mt on Oct 19, flat with a week ago, 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.
A 60,000-mt cargo of Southeast Asian fuel oil imported by Sinopec Singapore arrived in Huangpu port on Oct 13.
Chimbusco received 25,000mt of Singapore fuel oil in Zhuhai on Oct 18 and stored the product in bonded tanks of Guishan oil terminal.
Five cargoes of inner-trade fuel oil totaling 11,000mt entered the terminals in the past week.
About 40,000mt of fuel oil flowed out of the terminals during the same period.
The fuel oil stock may decline in the coming week because of lofty import costs, market sources expected.
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.
