China data: Jul crude imports at 8.5 mil b/d, up 1.5% from 6-month low in Jun

Singapore — China's crude oil imports in July rose 1.5% to 8.52 million b/d from a six-month low of 8.39 million b/d recorded in June, preliminary data from the General Administration of Customs showed Wednesday.

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Sign Up GAC releases data in mt, which S&P Global Platts converts to barrels using a 7.33 conversion factor.
According to GAC, crude imports in July rose 3.7% year on year to 36.02 million mt. July imports were up 4.9% from June.

The country's crude oil imports over January-July rose 5.6% year on year to 260.83 million mt (9.02 million b/d).

China's oil product exports in July fell 4.5% month on month to 4.57 million mt, which was a five-month low.

On a year-on-year basis however, exports edged up 0.3%.

This brings China's product exports in the first seven months to 34.9 million mt, surging 23.9% from 28.17 million mt a year ago.




Jul-18
Jul-17
Change
Jun-18
Change


Crude imports
36.02
34.74
3.7%
34.35
4.9%


Crude exports
0.15
0.19
-20.5%
0.21
-28.1%


Net crude import
35.87
34.55
3.8%
34.14
5.1%


Oil product import
2.67
2.34
14.1%
2.22
20.2%


Oil product export
4.57
4.55
0.3%
4.78
-4.5%


Net oil prod export
1.90
2.21
-14.2%
2.56
-26.0%


Fuel oil imports
1.37
0.90
51.8%
0.82
67.0%

	Jan-Jul 18	Jan-Jul 17	Change
Crude imports	260.83	247.09	5.6%
Crude exports	1.72	2.88	-40.1%
Net crude import	259.10	244.21	6.1%
Oil product import	19.16	17.38	10.2%
Oil product export	34.90	28.17	23.9%
Net oil prod export	15.74	10.79	45.8%
Fuel oil imports	9.27	7.79	18.9%

Source: GAC