Korean import data for Q3 shows volumes rising just 73,000 b/d from Q2’s six-year low to average 2.65mn b/d (see table,MEES, 16 October).
For Taiwan, Q3 imports of just 701,000 b/d were further down on the multi-decade low of 721,000 b/d set the previous quarter (see table). At 760,000 b/d for the first nine months of 2020, volumes are on track to come in below 2011’s 774,000 b/d as the lowest annual figure this millennium. And at 625,000 b/d for September there is no sign of an uptick in the latest data. (CONTINUED - 581 WORDS)