Market Watch – by Wayne MaHONG KONG–China imported 30.37 million metric tons of crude oil in December, equivalent to 7.2 million barrels a day, preliminary data from the General Administration of Customs showed Tuesday.
Imports were 13.4% higher than the 26.78 million tons of crude shipped during the corresponding month last year, and up around 19.5% from 25.41 million tons in October, according to Wall Street Journal calculations.
December’s imports surpassed a previous absolute high in January of 28.16 million tons and a previous daily high in April of 6.8 million barrels a day.
Refined oil-product imports totaled 3.2 million tons, while exports totaled 2.82 million tons, the data showed.
China imported 27.22 million tons of coal and lignite and exported 430,000 tons in October, according to the data.
Write to Wayne Ma at wayne.ma@wsj.com
Dow Jones Newswires
http://www.marketwatch.com/story/chinas-december-crude-imports-rise-to-new-high-2015-01-12
They have lots of old coal mines to store it in there. Hope they remove the free lance miners there before they pump it in.