Imports of the residual fuel, used by power plants and so-called teapot oil refineries, rose 19 percent to 2.83 million tons from a month earlier, according to data e-mailed by the General Administration of Customs in Beijing today. That’s the most since May 2008. Shipments from Iran climbed to 526,203 tons in May, the highest since February 2004 when Bloomberg started tracking the data.
Iran ranked as China’s second-largest fuel oil supplier in May after Russia, which shipped 632,078 tons, the data show. Singapore was the third-biggest with 460,872 tons. Supplies from Iran cost $609.98 a ton, compared with $629.49 from Singapore and $685.75 from Russia, according to the data.
The nation imported 2.4 million tons of crude from the Persian Gulf country in May, 6.4 percent more than a year earlier, the data shows. That’s the biggest volume since December.
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