|New York . Paris . Peckham . Beijing|
There was a lot of trade in gasoil (diesel) also, in both directions: March set a record for exports, after an export quota limit was removed. Notwithstanding this, Chinese gasoil inventories grew significantly, suggesting that the very substantial net imports in this grade also were not wholly required for local consumption.
And then the collapse of which CU wrote. Strange patterns of trade, eh ? Still, we believe in free trade. Mange-tout, mange-tout, the import-export business is a funny old game.