China: LSFO Producers to Sell Into Bonded Market

by Ship & Bunker News Team
Monday June 10, 2019

Domestic producers of low sulfur fuel oil will get a tax rebate on supplies to bonded bunker fuel ports.

The move should make domestic product more competitive with imported product.

China's bunker fuel demand is around 12 milion metric tonnes a year most of which is met via fuel oil imports into China's bonded zones, according to price-reporting agency SP Global Platts.

The report cited a Chinese oil company official who said that the government is very supportive of the idea. The change could happen later this year.