Commercial fuel oil inventories of major oil terminals in South China amounted to 1.78-1.80-mil mt up till Mar 2, slightly up 20,000mt from the previous survey, sharply up 380,000mt compared with one year earlier, C1's research showed. The volume accounted for 65% of the total storage capacity of the terminals.
About 20,000mt of fuel oil was channeled out from the terminals, up 10,000mt on week. The outflows comprised 15,000mt of mixed/cracked 180CST fuel oil and 5,000mt of 380CST bunker fuel oil.
Meantime, 40,000mt of fuel oil entered into the terminals, up 30,000mt on week. The resources included 20,000mt of Singapore mixed/cracked fuel oil and 10,000mt of home-produced 180CST fuel oil.
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.
