Commercial fuel oil inventories of major oil terminals in South China fell to 1.80-1.82-mil mt up till Feb 9, inching down 30,000mt from two weeks ago, sharply up 440,000mt compared with one year earlier, C1's survey showed. The volume accounted for 66% of the total storage capacity of the terminals.
About 20,000mt of fuel oil entered into the terminals during the past two weeks, all of which were domestically-blended high-sulfur 180CST fuel oil and slurry.
Meantime, about 50,000mt of fuel oil was channeled out from the terminals, 35,000mt of which was bonded fuel oil; the remainder was homemade 180CST fuel oil.
C1's shipping fixtures showed no imported fuel oil arrived in South China in recent two weeks.
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.
