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Stocks of fuel oil at major oil terminals in China's coastal areas rose by 20,000 tonnes, or 0.74 percent, to 2.73 million tonnes, on Wednesday, November 20 compared to the previous week, ICIS reports.

Fuel oil inventories in Shandong province increased by 88,000 tonnes to 540,000 tonnes during the 7-day period. According to the data, a 170,000-tonne parcel of 380 centistoke (cSt) fuel oil arrived at Qingdao port, resulting in an overall rise in stocks.

In East China, commercial inventories fell by 40,000 tonnes to 537,000 tonnes. This was said to be due to there being no fuel oil import arrivals in the Yangtze River Delta over the last 7 days. According to ICIS, approximately 50,000 tonnes of fuel oil are expected to arrive in the region next week.

In South China, inventories of fuel oil declined by 28,000 tonnes to 1.650-1.653 million tonnes compared to a week ago. Similarly, no imported fuel oil arrived in the region over the 7-day period, ICIS said.

The total storage capacity of the tank farms used to compile the data was 6.787 million cubic metres.