"A sequential slowdown is likely in the middle of 2Q, casting downside risk to China’s fragile growth recovery.”
China’s wheat imports, in contrast, exhibited weakness in April, coming in at 203.3Kt, down 31% y/y. Quality concerns over China’s domestic crop had been supporting wheat import demand for..
Overall, Chinese implied oil demand in April rose by 2.7% y/y to 9.6 mb/d. The growth rate of 300 thousand b/d is lower compared to the 800 thousand b/d average seen in Q4 last year and follows throug..
