That’s about 2% lower than September, and almost 9% below the same period last year, according to Bloomberg calculations. Year-to-date (ytd) shipments are now running more than 3% behind last year’s pace.
Oil imports into China sank again last month, highlighting soft consumption in the largest buyer just as traders weighed the implications of Donald Trump capturing the white house and potential supply rises from Organisation of the Petroleum Exporting Countries (OPEC+).
Imports contracted to 44.7 million tons in October, according to customs data on Thursday.
