The financial crisis Cause Guangdong Port Importing Diesel Quantity Slump in Nov

By financial crisis,the demand of diesel oil in industry and manufacturing is decline. According to the customs statistics, importing diesel from Guangdong is 2 million tons,declined 70.6% compared with that of the last month.

According to understand, since August, Guangdong port diesel imports month. November diesel oil import price $623.8 / mt, this year, the annual average annual record with the highest average 1287.3 dollars/ton, fell more than 50% compared with  the the highest average 1287.3 dollars/ton,

Concerned expert analysis, guangdong port importing diesel continued to decline has three main reasons:

1.     The diesel demand is decline.The subprime mortgage crisis evolved into the global financial crisis, impacted by the extrnal demand decline,guangdong export growth fell sharply dropped, and in November, transportation and manufacturing has left the influence of diesel oil, lower demand.

2.     The domestic diesel is supply. International oil prices has dropped to $40 a barrel, domestic production of diesel oil refinery, start to most domestic demand, thus reducing the diesel imports.

3.     Sufficient inventory diesel. From January to July of 2008,it once imported a large numeber of diesel oil in order to cope with the storage .the importing diesel is 234.9 tons, growing 37.7% than the corresponding period of last year .But for the consumption of inventory diesel, enterprises have reduced diesel oil imports.