A Glance of China Oil Market 20261026
Weekly News
China Sep refined oil exports down 4% MoM but still at yearly high
Based on latest data from General Administration of Customs of the People's Republic of China (GACC), China's refined oil exports totaled 4.22 million tonnes in September 2026, down 4.13% month on month (MoM). This edged back from August's yearly high but remained within the year's high range, while surging 49.64% year on year (YoY) and extending the export market's strength. By product, gasoline exports were 622,200 tonnes in September, down 11.25% MoM and 4.23% YoY, remaining the only category with a YoY decline; gasoil exports were 1.82 million tonnes, up 41.49% MoM and 256.02% YoY, the only category to rise MoM and further reinforcing its export support role.
China slashes Sep LPG imports by 21%, as frictions trigger higher costs
In September, China's liquefied petroleum gas (LPG) imports faced a significant contraction. The country imported 2.2055 million tonnes of LPG, a sharp drop of 592,700 tonnes or 21.18% month-on-month and 28.25% year-on-year, according to data from the General Administration of Customs of PRC (GACC). The cumulative imports of LPG from January to September reached 21.3833 million tonnes, down 21.71% year-on-year, GACC's data also indicates.
China MTBE exports rise 8.63% MoM in Sep
The General Administration of Customs of the People's Republic of China (GACC) data show China's MTBE exports reached 609,600 tonnes in September 2026, up 48,500 tonnes or 8.63% from August. Cumulative exports for January-September totaled 5,611,000 tonnes, up 2,475,100 tonnes or 78.93% year-on-year. Net exports stood at 609,200 tonnes, with the month-on-month growth rate up 22.12 percentage points.
HRC prices: Taiyuan
Oct 30, 2026 18:10
Plate prices: Taiyuan
Oct 30, 2026 18:10
Coal freight rates to China
Oct 30, 2026 18:04
Iron ore portside prices: Zhenjiang port
Oct 30, 2026 18:02
International freight charges to China
Oct 30, 2026 18:01
