OREANDA-NEWS. August 13, 2012. Fuel oil imports in south China are expected to be 160,000 tonnes in July, down by 36% from June, up by about 78% from the same period last year, ICIS C1 data showed.

The imports were all Singapore mixed/cracked fuel oil for the bonded bunker market.

South China-based bonded bunker traders were prudent in importing July fuel oil amid weak demand in the China market, market sources said.

Brightoil imported about 100,000 tonnes of Singapore fuel oil to Shenzhen in the month. Meanwhile, Chimbusco imported around 20,000 tonnes. Sinopec Fuel Oil Sales Fujian branch recorded zero imports as it mainly consumed stocks.

About 110,000 tonnes of the July imports would arrive at Shenzhen and around 25,000 tonnes would reach Huangpu. Zhuhai would receive around 5,000 tonnes. The imports in Fujian, Hainan and Guangxi would total 20,000 tonnes.

South China’s fuel oil imports are expected to increase in August as Sinopec Singapore may import a 40,000 cargo to Guangzhou, market sources said. Additionally, Zhuhai Baota Petrochemical may import straight-run fuel oil as feedstock because of poor quality of domestic feedstock, a company source said.