China July crude imports hit historical high of 26.1m tonnes

08 August 2013 08:53  [Source: ICIS news]

SINGAPORE (ICIS)--China imported 26.1m tonnes of crude oil in July - a historical high - marking an increase of 19.6% year on year and a rise of 9% from the previous month, official customs data showed on Thursday.

In comparison, its imports of resins and rubbers decreased in the month.

ABS resins imports in July declined 7.9% year on year to 142,692 tonnes, while imports of polyester chips dropped by 9.8% on year to 16,278 tonnes, the data showed.

Imports of natural rubber and synthetic rubber in July were 150,000 tonnes and 117,459 tonnes respectively, down by 11.8% and 0.8%, respectively.

China’s overall exports expanded by 5.1% on year to $186bn, with imports rose 10.9% to $168.2bn, the data read.

Trade surplus narrowed to $17.8bn in July from $20.4bn in June.

 

July 2013

Jan-Jul 2013

'000 tonnes

chg % (yoy)

'000 tonnes

chg % (yoy)

imports

Crude

26,110

19.6

164,180

1.4

Oil products

3,250

5.5

24,850

6.6

Primary shape plastics

2,220

7.2

13,680

4.2

ABS resins

143

-7.9

932

-4.3

Polyester chips

16

-9.8

111

-2.1

Natural rubber

150

-11.8

1,320

13.7

Synthetic rubber

117

-0.8

887

5.8

exports

Crude

170

-19.0

1,040

-30.2

Oil products

2,030

15.3

16,730

22.8

Plastic products

778

6.8

5,049

5.3


By: Fanny Zhang
+65 6780 4359



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