Analytics Vortexa



  • Chinese gasoline/blending components exports rose sharply to 470,000 mt (3.89mn bl) in week 31 (29 July - 4 August), versus year to date weekly average of 270,000 mt (2.25m bl), and highest weekly level since week 4 this year, according to Vortexa data. 
  • Higher weekly gasoline exports observed to be loaded mainly from Dalian, Qinzhou, Huizhou and Zhoushan ports. A third batch of product export quotas issued to state-owned refiners end-July allowed refiners to raise gasoline exports on the back of a rising surplus in the domestic market.
  • Of week 31 exports, latest destination estimates show around 40% of the volume going to Singapore, just below the the year-to-date trend of more than 50%. Light distillate stocks in Singapore saw a slight uptick to 10mn bl last week, after hitting a multi-year low in the week ending 28 July. 
  • Two handymax vessels - STI St Charles and Scarlet Ibis, that loaded in week 31 from Quanzhou and Dalian respectively, are heading to Mexico for end-August/early-September arrival, as the arbitrage route continues to be open. It is interesting to note that China’s gasoline exports to Mexico in 2019 so far have already surpassed full-year 2018 levels. 
  • Despite weekly uptick at the end of July/beginning-August, China's gasoline/blending components exports totalled 1.23mn mt in July, down from 1.43mn t in June.


Jul 30, 2020

Heavy-sour crude tightness: Is it here to stay?

Tightness in global heavy sour crude markets has led to firming differentials for these grades in recent months, despite weaker demand sentiment in the overall crude complex.

Jul 29, 2020

Clean VLCC loading activity peaks in July

Diesel and jet fuel loadings onto newbuild very large crude carriers (VLCCs) have hit a peak for this year in July.

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