Can China Be Self-sustainable in the 2020 LSFO Market?

China could become self-sustainable in the LSFO market during 2020, producing 18.1 million metric tonnes (mt) of low sulphur bunker fuel this year.
China will be able to produce 22.6 million mt of the IMO-compliant fuel by 2021, increasing output to 29.6 million mt by 2022.
IMO 2020 and the COVID-19 economic impact forced many state-run refineries to produce LSFO to serve domestic and international demand.
China’s marine fuel futures contract to attract strong interest.
China’s policy on...