* Apparent oil demand in March plunged 0.3% to 7.31 million barrels / day

* The blatant demand for oil in March than the Central went up 1.2%

* Oil trade items strike a ten years high

Beijing April 22 — power in March 2009 China’s apparent oil demand for the same period last year 0.3 percent lower, but rose in September last year has been high due to strong domestic sales of the refined oil inventories fell, oil refineries to increase production.

Reuters calculated founded on authorized facts and numbers of China, clear-cut oil demand in March to 7.31 million barrels / day, comprising a 1.2% rebound in February. (To outlook the clear-cut oil demand in China, delight bang here)

March year-on-year down turn in demand is due to a higher groundwork last year, when demand for completed oil goods increased 8 per hundred jump.

However, if taking into account the important decrease of oil goods inventories – which taken the clear-cut demand facts and numbers, demand development in March were up, due to developed undertakings there were indications of recovery.

Mirae Research vitality analyst Gordon Kwan said, “can not exemplify the circumstances in a month, but a least present that no weakening of the situation. This is a large number of very tough monetary written knowledge line, for instance loan expansion, air commuter and new motor vehicle sales record volume. ”

Demand for completed oil goods in the next month may be higher, because there are suggestions that China’s finances is recovering. China’s oil demand down by the financial influence, since November last year, dropped for three successive months since.

People’s Bank of China Deputy Governor Yi Gang said Wednesday that China’s economy has bottomed out in the fourth quarter of last year, China’s economic recovery in the current process will continue, annual economic growth rate is expected close to the official target of 8%.

China 3 monthly advance of 8.3% year-on-year value-added for the last year, the fastest step since October.

** Production, inventory fall **

Local newspapers described Monday citing the China Petroleum and Chemical Industry Association, said Sinopec and PetroChina supplies of oil goods in March dropped by almost 15%, for the first time in more than two years have dropped harshly, increased by demand for pursue up sales development of more than five 1.

Crude oil processing volume is going up, the first time last month increase in five months, the state-owned oil giant has also increased imports of crude oil.

China’s oil trade overseas in March went up to 400,000 tons, a least 10 years for a new high, fuel trade overseas in addition developed 20 out of 100, will help to lessen inventory.

At the same time, China’s hundreds of independent oil dealers may also replenishment, which is expected in the last month the Chinese government to raise retail oil prices after 3-5%, may be further price increases; industry officials pointed out that the field of transport and vehicle recovery strong sales show that the apparent recovery of end-user demand.

* Apparent oil demand in March plunged 0.3% to 7.31 million barrels / day

* The blatant demand for oil in March than the Central went up 1.2%

* Oil trade overseas bang a period of 10 years high

Beijing April 22 — power in March 2009 China’s blatant oil demand for the matching interval last year 0.3 out of 100 worse, but went up in September last year has been high due to tough in the household sales of the enhanced oil inventories plunged, oil refineries to advance production.

Reuters calculated supported on agent written knowledge of China, blatant oil demand in March to 7.31 million barrels / day, exemplifying a 1.2% rebound in February. (To scenery the blatant oil demand in China, satisfy snap here)

March year-on-year decline in demand is due to a higher base last year, when demand for finished oil products rose 8 percent jump.

However, if taking into account the significant reduction of oil products inventories – which removed the apparent demand data, demand growth in March were up, due to industrial activities there were signs of recovery.

Mirae Research vitality analyst Gordon Kwan said, “can not exemplify the circumstances in a month, but a least present that no weakening of the situation. This is a large number of very tough monetary written knowledge line, for instance loan expansion, air commuter and new motor vehicle sales record volume. ”

Demand for finished oil products in the next month may be higher, because there are indications that China’s economy is recovering. China’s oil demand down by the economic impact, since November last year, fell for three consecutive months since.

People’s Bank of China Deputy Governor Yi Gang said Wednesday that China’s finances has bottomed out in the fourth quarter of last year, China’s financial recovery in the present method will extend, annual financial development rate is anticipated close to the authorized goal of 8%.

China 3 monthly boost of 8.3% year-on-year value-added for the last year, the fastest stride since October.

** Production, inventory decline **

Local media reported Monday citing the China Petroleum and Chemical Industry Association, said Sinopec and PetroChina stocks of oil products in March fell by nearly 15%, for the first time in more than two years have fallen sharply, boosted by demand for follow up sales growth of more than five 1.

Crude oil processing capacity is going up, the first time last month boost in five months, the state-owned oil monster has furthermore expanded trades of crude oil.

China’s oil trade items in March increased to 400,000 tons, not less than 10 years for a new high, petrol trade items furthermore increased 20 per hundred, will help to decrease inventory.

At the identical time, China’s hundreds of unaligned oil dealers may furthermore replacement, which is anticipated in the last month the Chinese government to lift retail oil charges after 3-5%, may be farther cost increases; commerce agents sharp out that the area of transport and vehicle recovery powerful sales display that the clear-cut recovery of end-user demand.