• 4 mintues Texas forced to have rolling brown outs. Not from downed power line , but because the wind energy turbines are frozen.
  • 7 minutes Forecasts for oil stocks.
  • 9 minutes Biden's $2 trillion Plan for Insfrastructure and Jobs
  • 13 minutes European gas market to 2040 according to Platts Analitics
  • 3 hours Simple question: What is the expected impact in electricity Demand when EV deployment exceeds 10%
  • 4 hours America's pandemic dead deserve accountability after Birx disclosure
  • 11 mins Putin blocks Ukraine access to Black Sea after Joe blinks
  • 2 hours Today Biden calls for Summit with Putin. Will Joe apologize to Putin for calling him a "Killer" ?
  • 1 day U.S. Presidential Elections Status - Electoral Votes
  • 5 days Joe Biden's Presidency
  • 17 hours Fukushima
  • 18 hours Biden about to face first real test. Russia building up military on Ukraine border.
  • 1 day CO2 Mitigation on Earth and Magnesium Civilization on Mars – Just Add Water
  • 4 days New Chinese Coal Plants Equal All those in U.S.A

Breaking News:

Tesla Crash In Texas Leaves 2 Dead

Iran Says It Welcomes Talks With Saudi Arabia

Iran Says It Welcomes Talks With Saudi Arabia

Iran welcomed on Monday the…

Big Oil’s Dwindling Reserves Are A Major Problem

Big Oil’s Dwindling Reserves Are A Major Problem

The oil reserves of international…

China's Biodiesel Imports Rise 194.2%

China’s biodiesel imports increased in April 2019, as domestic demand moved up and the supply turned tight.

China imported 38,669.1 mt of biodiesel (HS Code: 38260000) in April 2019, a rise of 194.2% month on month, according to data released by the General Administration of Customs.

Chinese importers imported more biodiesel as international crude prices rose in April. In addition, diesel demand increased in several areas, where harvesting season created additional demand. Moreover, domestic producers recorded limited utilization rates, leading to tight biodiesel supply.

Biodiesel imports mainly came from Indonesia and Hong Kong, with 34,455.39 mt and 4,010.9 mt for each. Biodiesel imports from the two sources were exempted from consumption tax and 6.5% tariffs, saving almost CNY1,000 of costs for traders.

Meanwhile, China exported 68,555.68 mt of biodiesel (HS Code: 38260000) in April, a rise of 112.8% month on month, GAC data showed.

Crude prices fell at the end of May 2019, and as a result, oil traders might show limited interest in buying biodiesel due to limited blended diesel demand this month. However, there will be fair demand for biodiesel in the petrochemical industry. Hence, biodiesel imports are expected to inch up in May.

Going forward, international crude prices could remain subdued in June 2019. Meanwhile, the demand for biodiesel in crude blending might decline as overall diesel demand could slow due to rising temperatures. While the demand for chemical-use biodiesel is expected to remain stable. Hence, biodiesel imports might inch lower in June.

By JLC International

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage



Leave a comment

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News