China's motor fuel exports to increase as domestic margins narrow

S&P GLOBAL PLATTS | Asia's transportation fuel markets are set to see some downside pressure in the near term, as Chinese exports of gasoline and gasoil are expected to increase in July, threatening to put a dampener on recovering regional fundamentals.

On the gasoline front, Chinese state-owned refiners are expected to export around 1.2 million to 1.3 million mt of gasoline in July, according to estimates from traders, inching up from June's range of around 1.1 million-1.2 million mt. On the gasoil front, export volumes for July are expected to increase slightly from June's estimated volumes of around 1.5 million mt.

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