Physical reality check: Is China ready for U-turn after weakness over last months?

Sep 15, 2021

We performed a reality check on China’s crude and refined product trade flows, coupled with domestic demand signals to obtain an early indication of emerging trends for the coming weeks and the remainder of the year.

A key question this report explores is whether China is finally set for a U-turn after a couple of months of dismal flow data?

At the same time, we take into consideration two key developments China is experiencing:

    • Typhoon Chanthu, which is disrupting port operations around Zhoushan
    • A new covid outbreak in Fujian province which could threaten domestic demand if not contained

 

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