Highlights China’s bitumen imports hits all-time high of 4.16 mil mt in May Imports as of June 12 still high at around 1.4-1.5 mil mt China’s independent refineries and trading companies have suspended imports of bitumen blend, amid the new consumption tax that came into effect on June 12 and a rise in inflow to the all-time-high of 4.16 million mt in May, market sources told S&P Global Platts on June 23.
Most [incoming] cargoes have rushed to be offloaded in the first half of June, and no new cargoes [have arrived] since then,” said a port source in Qingdao of eastern Shandong province, home to the country’s independent refineries. Around 1.4-1.5 million mt of Bitumen Blend was imported until around June 12 into Qingdao port, compared with around 1.2 million mt in all of […]