China’s daily crude imports surge in June - JLC

China imported about 49.89 million mt of crude oil in June, market intelligence provider JLC reported, citing data from the General Administration of Customs (GACC).

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The daily crude oil imports in June stood at 12.14 million b/d, an increase of 10.6% month-on-month, JLC reported.

“Chinese refiners placed more orders for imported crude to arrive in June, as international crude oil prices were at a relatively low level at certain points of April-May,” JLC said.

The uptick in Chinese crude imports directly reflects improvement in demand growth in the world’s second-largest crude oil-consuming nation, amid less refinery maintenance work and summer travel season, the agency noted.

On a year-on-year comparison, China’s crude imports grew by 7.4% last month.

The country has imported a total of about 279.39 million mt of crude in the first six months of this year, about 1.4% higher than the corresponding period in 2024, according to JLC.

By Aparupa Mazumder

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