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China boosts its LCO imports amid demand recovery prospect

Guangzhou (JLC), September 26, 2022--China’s August light cycle oil (LCO) imports surged on month, amid anticipation of recovering demand and an extremely low level in July.

09-26-2022 18:11:01

China's July LCO imports tumble on soft demand

Guangzhou (JLC), August 31, 2022--China's light cycle oil (LCO) imports in July 2022 tumbled both month on month and year on year, as domestic LCO demand was sluggish.

08-31-2022 13:51:34

China cuts its LCO imports on soft demand in June

Guangzhou (JLC), July 25, 2022--China cut its light cycle oil (LCO) imports modestly in June, as domestic LCO demand slacked off amid high temperature and ongoing epidemic resurgences.

07-25-2022 16:52:05

China's LCO imports rally in May 2022

Guangzhou (JLC), June 27, 2022--China's light cycle oil (LCO) imports rebounded in May, mainly because of a relatively low level a month before.

06-27-2022 18:49:43

China's LCO imports set new low in Apr 2022

Guangzhou (JLC), May 23, 2022--China’s April light cycle oil (LCO) imports set a new low amid increasing import costs and flagging domestic demand.

05-23-2022 18:38:40

China's LCO imports slump on tax in October

Beijing (JLC), November 29, 2021--China’s light cycle oil (LCO) imports dropped sharply in October 2021, which was still ascribed to the levy of consumption tax on imported LCO and China’s clampdown on oil blending, though domestic diesel demand was strong due to the power rationing.

11-29-2021 16:06:18

China’s LCO imports extend gains in September

Beijing (JLC), October 26, 2021--China’s light cycle oil (LCO) imports extended gains in September 2021 after they rallied in the prior month, as domestic diesel demand was strong due to China’s dual control policy.

10-26-2021 17:30:52

China’s LCO imports rally in August

Beijing (JLC), September 27, 2021--China imported 126,500 mt of light cycle oil (LCO) in August 2021, a month-on-month rise of 87.68% and a year-on-year plunge of 90.17%, according to data from the General Administration of Customs (GAC).

09-27-2021 09:19:30

China’s LCO imports tumble in July

Beijing (JLC), August 27, 2021--China’s light cycle oil (LCO) imports almost dropped to almost one twentieth to June levels in July 2021 as the effect of the consumption tax levy on imported LCO has just started to show in July.

08-27-2021 10:00:54

China’s LCO imports drop in June on consumption tax

Beijing (JLC), July 27, 2021--China’s light cycle oil (LCO) imports dropped in June 2021 as a consequence of the levy of consumption tax on the diesel blending feedstock.

07-27-2021 17:38:30

China tax levy on LCO, MA to hit low-quality products, ease glut

Beijing (JLC), May 19, 2021--China’s levy of consumption tax on light cycle oil (LCO) and mixed aromatics (MA) will lead to a sharp decline in cheap low-quality product supply and help ease the supply glut in China’s oil product market.

05-19-2021 16:47:13

China tax levy on MA, LCO to hit imports, affect product balance

Beijing (JLC), May 17, 2021--China will soon begin to levy consumption tax on mixed aromatics (MA) and light cycle oil (LCO) imports, expected to slash China’s imports of the two blendstocks and affect the overall oil product market balance.

05-17-2021 17:27:17

China announces tax on imported MA, LCO and diluted bitumen

Guangzhou (JLC), May 14, 2021--China will begin to levy consumption tax on three kinds of imported products that mainly cover mixed aromatics (MA), light cycle oil (LCO) and diluted bitumen as from June 12, which will hit the imports of these products while boosting demand for some other products.

05-14-2021 17:10:44

China's LCO imports almost double in Q1

Beijing (JLC), April 29, 2021--China’s LCO imports almost doubled year on year in the first quarter, due to recovering demand for diesel and a low base a year earlier amid COVID-19.

04-29-2021 15:27:09

China likely to step up regulation on imported LCO

Guangzhou (JLC), April 8, 2021-China is likely to strengthen the regulation on imported light cycle oil (LCO), as increasing LCO and illegal oil blending with the feedstock has created a great disturbance in the market.

04-08-2021 18:43:40

China's possible excise levy on LCO imports sparks great concerns

Beijing (JLC), March 22, 2021--China's possible levy of consumption tax on light cycle oil (LCO) imports has raised great concerns among market participants recently, despite no official regulation released.

03-22-2021 14:38:57

Proposed consumption tax on LCO could dampen imports

Beijing (JLC), March 10, 2021--The consumption tax on light cycle oil (LCO) proposed at China’s Two Sessions earlier this month could dampen the country’s LCO imports, as the blendstock would be deprived of its price advantage by the tax.

03-10-2021 10:35:02

China LCO imports rise in December

Beijing (JLC), February 1, 2021--China’s LCO imports increased by 10.38% month on month to 1.836 million mt in December, according to the General Administration of Customs (GAC) of China.

02-01-2021 09:11:12

China's LCO imports gently up in Nov

Beijing (JLC), January 4, 2021--China’s LCO imports increased by 8.46% month on month to 1.6632 million mt in November, according to the General Administration of Customs (GAC) of China.

01-04-2021 11:45:06

China's LCO imports slow down

Beijing (JLC), November 30, 2020--China’s LCO imports declined by 3.69% month on month to 1.5334 million mt in October, according to the General Administration of Customs (GAC) of China.

11-30-2020 17:59:27

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