Oil Products Sales Top 2.4857 MLN Tons In China's Xinjiang
  • Thu, 09/15/2005 - 12:00

Asia Pulse |Thursday September 15, 06:52 PM
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URUMQI, Sept 15 Asia Pulse - Northwest China's Xinjiang Uygur Autonomous Region sold a total of 2.4857 million tons of finished oil, including 571,600 tons of petrol and 1.9141 million tons of diesel oil in the first eight months of this year, sources of the regional economic and trade commission disclosed.

Sales in August alone were 381,900 tons, including 95,100 tons of petrol and 286,800 tons of diesel oil, up 3.8 per cent from July and 3.5 per cent year on year.

The supply and demand were basically balanced, and the price was stable.

By the end of August, finished oil inventory in Xinjiang was 195,100 tons, 63,700 tons of petrol and 131,400 tons of diesel oil, up 37 per cent year on year. The supply was sufficient.

September is peak season for consumption of finished oil, and the market demand will for sure increase. It is expected that finished oil prices will increase in the region.