Chinese authorities are expected to give much lower fuel export allowances to refiners in the second batch of quotas in the coming weeks amid rising domestic demand, a Reuters survey of state refiners and consultancies showed on Thursday. Following a rather generous first batch of export quotas early this year, when a total of 18.99 million tons in allowances were issued, China is now set to limit quotas in the second batch to between 8 million tons and 12 million tons, according to the survey. In the first batch, China increased its fuel…
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