China’s Diesel Exports Set to Plunge as Domestic Inventories Run Low

China’s diesel exports are on track to drop in November from the highs seen in August and September as increased fuel shipments at the end of the summer dented domestic inventories, traders and executives with knowledge of this month’s export plans told Reuters on Thursday. So far this month, Chinese refiners have sold about 500,000 metric tons of diesel for November loading, according to estimates by Reuters and trade sources. Refiners are yet to finalize deals for loading in the second half of November, but early estimates show the…