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On September 8, the General Administration of Customs released the latest statistics showing that in the first eight months of this year, China's crude oil imports were 221 million tons, up 9.
8%
year-on-year.
At the same time, the average price of crude oil imports fell by 45.
3%.
Data show that China's crude oil imports in August were 26.
59 million tons, down 13.
4%
from 30.
71 million tons in July.
Crude oil imports in July totaled nearly 7.
3 million barrels per day, up 30 percent
from a year earlier.
Previously, some analysts said that crude oil imports in August will be affected by factors such as the depreciation of the yuan
.
Bai Ming, deputy director of the International Market Research Department of the Research Institute of the Ministry of Commerce, disagrees
.
He said that many crude oil imports are long-term agreements, which are not too affected by exchange rate fluctuations, but more affected by oil prices in the international market
.
"The reduction of oil prices is exactly when we buy cheap goods to replenish inventory, and now we also have such conditions: in the past, there was a strict import plan, no matter how low the oil price can not buy more, no matter how high can not buy less, with the advancement of marketization, it is reasonable for Chinese enterprises to buy more when the oil price falls, which also helps to maintain China's voice as a buyer in the international market, and contributes to the sustainable development
of our country.
" Bai Ming said
.
Some industry analysts pointed out that the price of crude oil in the international market is currently in the stage
of bottoming.
With the increase of the United States' own crude oil production capacity, its dependence on international crude oil imports has also declined
.
On September 8, the General Administration of Customs released the latest statistics showing that in the first eight months of this year, China's crude oil imports were 221 million tons, up 9.
8%
year-on-year.
At the same time, the average price of crude oil imports fell by 45.
3%.
Data show that China's crude oil imports in August were 26.
59 million tons, down 13.
4%
from 30.
71 million tons in July.
Crude oil imports in July totaled nearly 7.
3 million barrels per day, up 30 percent
from a year earlier.
Previously, some analysts said that crude oil imports in August will be affected by factors such as the depreciation of the yuan
.
Bai Ming, deputy director of the International Market Research Department of the Research Institute of the Ministry of Commerce, disagrees
.
He said that many crude oil imports are long-term agreements, which are not too affected by exchange rate fluctuations, but more affected by oil prices in the international market
.
"The reduction of oil prices is exactly when we buy cheap goods to replenish inventory, and now we also have such conditions: in the past, there was a strict import plan, no matter how low the oil price can not buy more, no matter how high can not buy less, with the advancement of marketization, it is reasonable for Chinese enterprises to buy more when the oil price falls, which also helps to maintain China's voice as a buyer in the international market, and contributes to the sustainable development
of our country.
" Bai Ming said
.
Some industry analysts pointed out that the price of crude oil in the international market is currently in the stage
of bottoming.
With the increase of the United States' own crude oil production capacity, its dependence on international crude oil imports has also declined
.
