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China Stock Movements in October 2014

Source: OPEC 11/5/2014, Location: Asia

The latest information for August shows Chinese total oil commercial inventories fell by 3.7 mb, after increasing by nearly 12 mb in July. At 403.6 mb, Chinese inventories were 17.3 mb above year-ago levels at the same time. Within the components, commercial crude rose by 5.5 mb, while product inventories fell by 9.3 mb. At 265.8 mb, commercial crude stocks show a surplus of 36 mb compared with the same period one year earlier. The build in commercial crude stocks came mainly from higher imports, as increasing refining runs limited a further build.

In contrast, total product stocks in China dropped by 9.3 mb in August for the second consecutive month to stand at 147.0 mb. At this level, Chinese product stocks were 0.9 mb below a year ago at the same time. The fall in product stocks could be attributed to relatively higher Chinese demand in August. Within products, gasoline inventories fell by 2.2 mb to stand at 62.5 mb; diesel stocks also fell by 7.1 mb, ending the month of August at 62.5 mb, while kerosene inventories indicated a slight build of 0.1 mb to stand at 15.0 mb.

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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