As China is the world’s biggest crude importer, in spite of a slowing Chinese economy, crude imports remain strong on the back of accelerated build up stock activities into operating and commercial storage.
Despite slower growth in recent months, Chinese crude imports mount just 1.3 percent in September in compare to the same period of previous month. Buying ideas for October-November delivery is also gaining momentum. The purchases will ease concerns of a sharp slowdown in Chinese buying and support prices in coming months, said by market predictors.
