Refineries in South China are estimated to supply 109,000mt of fuel oil in July, up 17% from the previous month, C1's research found.
The commodity output comprises of 61,000mt of residue, 38,000mt of slurry and 10,000mt of bituminous feedstock.
Ten major refineries are forecast to provide 68,000mt of fuel oil in July, slipping 3% on month; the supply from 17 minor refineries might surge 78% to 41,000mt in total.
