 Home > News > Valuable News > China Sept crude oil imports up 2.1% m/m as port congestion eases

China Sept crude oil imports up 2.1% m/m as port congestion eases

 2020-10-15

China's crude oil imports rose 2.1% in September from a month ago as some delayed cargoes finally cleared customs after a months-long port congestion eased, while onshore storage capacity was expanded.

China,the world’s top crude oil importer, took in 48.48 million tonnes of oil last month, according to data from the General Administration of Customs on Tuesday, equivalent to 11.8 million barrels per day (bpd).

That compares to 11.18 million bpd in August and 10.04 million bpd in September last year, but still below the record high level of 12.94 mln bpd imported in June.

For the first three quarters of 2020, China imported a total of 416 million tonnes of crude oil, data showed, or about 11.08 million bpd, up 12.7% from the same period last year.

Storage facilities holding crude stocks at major Chinese ports were close to full in July and August following a bargain purchase amid a collapse of oil prices in April due to the coronavirus pandemic.

Companies and ports have been scrambling to add storage capacity to ease the port congestion.

“Port operations should continue at high capacity in the near term. This coupled with reduced inbound flows of fresh cargoes should further draw down floating storage in the coming weeks,” said Chen Jiyao, head of China client advisory with consultancy FGE.

But with China’s fuel demand having already peaked as global oil prices rebound, refineries are struggling with swelling stocks of refined products and poor refining margins.

“In contrast to strong imports growth in the second and third quarters, China’s crude imports growth is likely to be muted in the fourth quarter due to historical high crude inventories and higher import base recorded in the fourth quarter last year,” said Seng Yick Tee, senior director at consultancy SIA Energy.

Customs data also showed China’s refined oil product exports for September at 3.95 million tonnes, lower than 4.27 million tonnes in August.

September's natural gas imports, both piped and liquefied natural gas (LNG), were 8.66 million tonnes, up 5.5% from a year earlier.

Source:Reuters

china crude oil

oil price

 Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

Looking for chemical products? Let suppliers reach out to you!

Tianjin Shipping Index up 1.21%

OPEC raises 2020 oil demand forecast

Comment

Comment

You May Interested In

Tirzepatide/new glucagon-like peptide-1 receptor, hypoglycemic/weight loss, factory delivery, preferential price 30mg

$95/MT FOB

Haikou Mingheng Technology Co., Ltd.

Hot Selling Best Price and 99.9 High Purity Weight Loss Peptides Retatrutide 10mg 20mg/Vial Retatrutide CAS 2381089-83-2 30mg

$117.6/UNIT FOB

Haikou Mingheng Technology Co., Ltd.

buy Tellurium tetrachloride 99.99% White powder Dideu





Daily Morning Brief

2026-05-25

40,000 Evacuated Over Chemical Tank Leak Threatening Explosion in Southern California

Final Frontier for Meds? UK Startup Sends Drug-Making Into Space

Eastman Achieves ISO 59014 Certification for Circular Recycling Leadership

Dow Stock (US2605571031): Dividend Focus and Cyclical Momentum After Latest Results

Thrivent Financial Reduces Stake in DuPont de Nemours

View All

Fine Chemicals Industry Overview Dec.2025

Insight into Structural Shifts, Capturing Long-Term Value in Fine Chemicals. Available for Permanent Download.

Published in: Jan. 2026

Read Now Download

Trade Alert

Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)

Recommend Reading

Hot Searches: nateglinide; sunset yellow fcf; cis-2-butene; poly methyl acrylate; phosphate aluminium; cefepime; benzaldehyde molar mass; cabr2; butanal; ethylene glycol molar mass; catechol; aluminum carbonate formula



Feedback & Suggestions

Send Message

Thank you for your feedback. If you require further assistance, please contact us by email at info@echemi.com or call us at +86-532-55729510.

China Sept crude oil imports up 2.1% m/m as port congestion eases

Tianjin Shipping Index up 1.21%

OPEC raises 2020 oil demand forecast

You May Interested In

Tirzepatide/new glucagon-like peptide-1 receptor, hypoglycemic/weight loss, factory delivery, preferential price 30mg

Hot Selling Best Price and 99.9 High Purity Weight Loss Peptides Retatrutide 10mg 20mg/Vial Retatrutide CAS 2381089-83-2 30mg

Tellurium tetrachloride 99.99% White powder Dideu

Ready to Ship Hot sale Cheap Price 99.99% Purity Fast Deliver Wholesale TB500

Factory Wholesale Cosmetic Peptides Retatrutide 15mg 20mg 30mg

Phosphorus Nitride P3N5 99.9% factory direct sales

Fine Chemicals Industry Overview Dec.2025

Related News

Recommend Reading