Shipments in February rose 8.6% from lowest level in 5 months China’s diesel exports may be climbing further after rebounding from a five-month low as rising global crude prices make shipments overseas more profitable, according to ICIS China. Outbound shipments may surge to more than 1 million metric tons this month, up more than 30 percent from average during January and February, according to Lin Jiaxin, an analyst with the Shanghai-based commodity researcher. That would be the highest since a record in September. Exports in February rose 8.6 percent from the previous month to 792,420 tons, the General Administration of Customs said Monday in an updated data release. That’s also almost sevenfold the level from the same period last year. China’s exports have fluctuated in recent months as refiners chased better margins. The country flooded regional markets in the second half of last year to relieve swollen stockpiles as […]