China Jul refined oil exports rise nearly 80% MoM

China's refined oil exports rebounded 79.36% month-on-month in July to 2.40 million tonnes, though still down 35.54% year-on-year. The rebound was broad-based across gasoline, gasoil and kerosene. In January-July, cumulative exports fell 33.38% year-on-year to 13.59 million tonnes, reflecting a sharp first-half contraction amid the US-Iran conflict.

China's refined oil exports recorded a monthly rebound of 79.36% in July compared with the previous month and stood at 2.40 million tonnes, yet down 35.54% year-on-year (YoY), according to data from the General Administration of Customs of the People Republic of China (GACC). The July exports consisted of 417,800