Record diesel ex­ports amid slug­gish growth

China Daily (Canada) - - BUSINESS -

Diesel ex­ports surged to a record for a sec­ond month as re­fin­ers sought to lower stock­piles amid slow­ing in­dus­trial ex­pan­sion. Diesel ship­ments in Septem­ber in­creased al­most five-fold from a year ear­lier to 1.11 mil­lion met­ric tons, top­ping the pre­vi­ous record in Au­gust, ac­cord­ing to data from the Gen­eral Ad­min­is­tra­tion of Cus­toms on Wed­nes­day. Ex­ports in the fourth quar­ter may re­main at more than 700,000 tons a month, ac­cord­ing to ICIS China, a Shang­hai-based com­mod­ity re­searcher.

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