China’s bonded bunker fuel imports rally in September – JLC

China’s bonded bunker fuel imports increased by about 11% month-on-month in September, totalling 543,400 mt, according to market intelligence firm JLC.

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China’s bonded bunker fuel imports hiked last month, primarily due to higher HSFO imports amid relatively fair bunkering demand and lower inventories, according to JLC.

Bonded marine gas oil (MGO) inflows also grew last month, according to the report. In contrast, Chinese bunker suppliers slightly decreased bonded VLSFO imports.

In September, Singapore was China’s top bonded bunker fuel supplier, accounting for nearly 49% of total imports with 267,200 mt. Malaysia followed with a 30.6% share at 166,300 mt, then South Korea with 12.3% at 66,900 mt, and Japan with 7.9% at 43,000 mt.

However, on a year-on-year basis, the country’s bonded bunker fuel imports fell by around 4.1% in September, according to JLC, citing data from China’s General Administration of Customs (GACC).

Overall, imports totalled approximately 4.88 million mt in the first nine months of the year, marking about a 45.4% year-on-year increase.

By Aparupa Mazumder

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