Beijing-based commodity market information provider JLC Network Technology Co. recently shared its JLC China Bunker monthly report for July 2025 with Manifold Times through an exclusive arrangement:
Bunker Fuel Demand
China’s bonded bunker fuel sales decline further in July
China’s bonded bunker fuel sales declined further in July because of multiple factors.
The country sold about 1.70 million mt of bonded bunker fuel in the month, with the daily sales at 54,816 mt, a drop of 5.34% from June, JLC’s data shows.
Shipping demand was still depressed by the geopolitical tension in the Middle East and the trade war.
Meanwhile, some shipowners carried out semi-annual maintenance for their ships in July, which also dragged down bonded bunker fuel sales. In addition, the operation of some ports in East and South China was affected by typhoons.
Bonded bunker fuel sales by Chimbusco, Sinopec (Zhoushan), SinoBunker and China Changjiang Bunker (Sinopec) respectively settled at 500,000 mt, 550,000 mt, 40,000 mt and 20,000 mt in the month, while those by suppliers with regional bunkering licenses came in at 589,300 mt.
China’s LSFO output declines in July
China’s LSFO output declined in July , as some refineries’ maintenance caused more production losses, also because of still bad production margins.
Chinese refiners produced about 1.02 million mt of LSFO in the month, with the daily output at 32,903 mt, down by 3.42% month on month and 22.61% year on year, JLC’s data shows.
Specifically, Sinopec recorded a fall in its LSFO output in July, as its Shengli Oilfield and Jinling Petrochemical suffered more production losses because of unit maintenance. However, some other refineries boosted their production, with Qingdao Petrochemical’s monthly output touching its highest level of 160,000 mt.
PetroChina maintained basically stable production in July . The company’s Gaofu Refinery resumed its LSFO production after four months of suspension, while Jinzhou Petrochemical and Liaohe Petrochemical continued to cut their output. Huabei (North China) Petrochemical produced 875 mt of ultra-low-sulfur fuel oil (ULSFO, with the maximum sulfur content of 0.1%) in the month and successfully pumped the fuel into a COSCO shipping container ship named “COSCO PRIDE” on July 24, marking the launch of Huabei Petrochemical’s ULSFO bunkering service.
CNOOC’s LSFO output went higher in the month, as Zhongjie Petrochemical boosted its production sharply.
Meanwhile, Zhoushan Petrochemical, Huizhou Refinery and T aizhou Petrochemical maintained stable LSFO production.
ZPC and Sinochem did not produce any LSFO in July , but the latter exported about 20,000 mt of MGO.


Domestic-trade heavy bunker fuel demand shrinks in July
Domestic-trade heavy bunker fuel demand shrank in July, as some ports in East and South China suspended their shipping services at certain points amid typhoons and heavy rains.
Domestic-trade heavy bunker fuel demand settled at 330,000 mt in the month, sliding by 10,000 mt or 2.94% month on month, JLC’s data shows.
At the same time, domestic-trade light bunker fuel demand stood at 140,000 mt, stable month on month.
Diesel demand stayed seasonally weak amid the fishing moratorium and frequent rains.
Bunker Fuel Supply
China’s bonded bunker fuel imports retreat in June
China’s bonded bunker fuel imports retreated in June, mainly because of larger domestic production.
Chinese bunker suppliers imported 545,300 mt of bonded bunker fuel in the month, down by 10.68% month on month, JLC’s calculation shows, based on the GACC data.
Domestic LSFO supply increased in June as several refineries wrapped up maintenance and resumed production, which led to a decline in bonded LSFO imports. At the same time, the imports of MGO dropped moderately amid slightly larger production, while those of HSFO were basically stable.
Malaysia topped all suppliers by shipping 173,300 mt of bonded bunker fuel to China in the month, accounting for 31.78% of the latter’s total. Singapore remained in the second place with 166,700 mt, accounting for 30.57%, while South Korea still ranked third with 115,700 mt, occupying 21.21%. Iraq ranked fourth with 89,600 mt, making up 16.44%.
On a year-on-year comparison, however, China’s bonded bunker fuel imports jumped by 50.84% in June. China’s bonded bunker fuel imports totaled about 3.20 million mt in the first six months of this year, an upsurge of 62.04% year on year, the calculation also indicates.

Domestic-trade heavy bunker fuel supply stable in July
Domestic-trade heavy bunker fuel supply did not change much in July .
Chinese blenders supplied about 360,000 mt of domestic-trade heavy bunker fuel in the month, largely stable month on month, JLC’s data indicates.
On the one hand, supply of low-sulfur residual oil and shale oil increased as China Offshore Bitumen (Binzhou) brought its units back online after maintenance. On the other hand, most blending in Northeast and East China was still at a halt due to the impact from tax inspections. Most blenders still made cross-regional purchases from North China and Shandong.
Domestic-trade light bunker fuel supply settled at 170,000 mt in July , an increase of 20,000 mt or 13.33% from the prior month, the data shows. Diesel supply increased as independent refineries raised their operating rates amid unit restarts.

Bunker Prices, Profits



Editor
Yvette Luo
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JLC China Bunker Fuel Market Monthly Report is published by JLC Network Technology Co., Ltd every month on China bunker market, demand, supply, margin, freight index, forecast and so on. The report provides full-scale & concise insight into China bunker oil market.
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Note: China-based commodity market information provider JLC Technology has been providing Singapore bunkering publication Manifold Times China bunker volume data since 2020. Data from earlier periods are available here.
Photo credit: JLC Network Technology
Published: 12 August, 2025