p>China produced 6.6-mil mt of gasoline in November, slightly down 0.08% from record-high 6.61-mil mt in the previous month, 2.06% higher than a year earlier, showed data from the National Bureau of Statistics.
Market sources ascribed the fall to 1.04% on-month decrease in crude throughput in the period. In addition, gasoline output was affected by higher gasoil output ratio as oil refiners boosted gasoil production to ease supply tension, the sources denoted.
Gasoline output ratio was 18% in November, inching up 0.2 percentage points on month, the data indicated.
China's gasoline output added up to 69.86-mil mt in the first eleven months of this year, up 5.3% year-on-year, according to the data.
The nation's gasoline yield is expected to continue to drop in December when main refineries may still attach more importance to gasoil production, market sources predicted.
China's Gasoline Output in Nov'10 | Unit: -mil mt | ||||
Nov'10 | MOM % | YOY % | Jan-Nov'10 | YOY % | |
Output | 6.60 | -0.08 | 2.06 | 69.86 | 5.30 |
Output rate % | 18.00 | 0.2 | / | 18.16 | / |
Source: National Bureau of Statistics of PRC | |||||
