Since the outbreak of the Russian and Ukraine War this year, China's procurement of natural gas, coal, crude oil and refined oil in Russia has increased from about 35 billion US dollars a year ago$ 60 billion.
According to the Bloomberg Society on Monday (November 21), despite the weakening of China's imports in October, Russia's procurement continued to increase.The slowdown in economic growth has limited the import of natural gas and copper. However, after the release of the largest procurement quota this year in Beijing, refining companies responded to the prospects of the surge in fuel exports, and crude oil procurement became a highlight.
Chinese customs data show that Russian oil imports increased by 16%last month to 7.72 million tons, second only to Saudi Arabia.Chinese refining companies seek Beijing help, hoping to continue to import oil from Russia after the new sanctions will be implemented early next month.
Starting from December 5, the European Union will prohibit financing, insurance and transportation for Russian crude oil, which will force import companies to find ways to change and bypass the EU's banks, insurance organizations and shipowners.
Although the total amount of LNG imports in October of China fell by 34%, Russia's LNG exports to China increased by more than 50%year -on -year to 756,000 tons.Since the beginning of this year, China has not reported that the Russian natural gas imported from pipelines.
Russian coal imports increased by 26%to 6.4 million tons.About 2.4 million tons of coking coal used in the steel industry was doubled year -on -year, which was slightly lower than the setting level of September.
Including refined oil, China's total energy procurement in October in October reached US $ 7.7 billion, slightly higher than the $ 7.6 billion after September, but much higher than the US $ 5.4 billion in the same period last year.Since Russia's invasion of Ukraine, China has purchased Russia's energy for approximately $ 59.5 billion.
