As China continues to play an outsize role in exporting diesel fuel and middle distillates into the Asia-Pacific refined products market, two questions arise: (1) what Chinese ports and refineries are these exports coming from and (2) what markets are those molecules being sold into?
This analysis uses China Customs port-level export data to identify key outlet points for middle distillates. China Customs calls diesel fuel “light gasoil” which industry sources generally define as “primarily diesel and kerosene.” Light gasoil export volumes tightly track the outbound diesel fuel volumes reported by the Joint Oil Data Initiative for China. Furthermore, China Customs reports unique data for “Jet Kerosene” exports, strongly suggesting that “light gasoil” is indeed a synonym for diesel fuel.
Read the full article at China SignPost.
