China’s crude oil imports for independent refineries in October is expected to jump about 23.9% from September to 2.1 million b/d (9 million mt), due to strong refining demand and low inventory while as more refiners rush to use up the quotas by end-2018, a survey by S&P Global Platts showed on Monday. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Five refineries restart in October, strong feedstock demand Lower port stocks call for more imports Crude premiums stay high on strong demand, freight rates The volume of crude cargoes discharged in September was 7.26 million mt, Platts’ data showed. The expected volume in October would be also higher than their average imports of 1.93 million b/d in the first nine months of the year, and the 1.76 million b/d in the same month of last year. Platts’ survey covers arrivals hitting ports […]