China sees negative gasoline export margins for 7 consecutive months

摘要

SINGAPORE (ICIS)--Gasoline export margins for south China-based refineries improved but the arbitrage window remained closed for a seventh straight month in July as earnings from domestic sales income were higher than export revenues. Theoretical margins for gasoline exports were assessed at minus yuan (CNY) 172/tonne in July, compared to minus CNY383.3/tonne in June, according to ICIS data.