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China's jet fuel exports hit record high in August

Published Mon, Sep 22, 2014 · 04:00 PM
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[SHANGHAI] China exported a record volume of jet fuel last month as refiners in the world's largest energy consumer boosted production.

Overseas sales of jet kerosene rose to 1.01 million tonnes in August, according to data e-mailed by the General Administration of Customs in Beijing. . That's about 260,000 barrels a day. Petrol exports increased to 487,380 tonnes, the highest level in a year, while diesel shipments gained 21 per cent from July to 407,800 tonnes.

"Chinese refineries have been raising jet fuel output since last year as profit margins are better than for diesel," Liang Dan, an analyst at ICIS-C1 Energy, a Shanghai-based consultant, said by phone from Guangzhou.

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