China's crude oil imports May close to last year's highest level

The 11 figures released by the General administration of customs in June showed that China imported 17.09 million tonnes of crude oil this May, with imports approaching the highest level of 17.3 million tonnes last March. Among the industrial manufactures, China imports 1.65 million tonnes of steel in May, with an export volume of 1.35 million tonnes and a net importer of 300,000 tons.　　After April, the May Chinese steel again appeared monthly net importer.　　Customs data released on the same day also showed that in the first 5 months of this year, China imported about 116,000 vehicles, worth about 4.38 billion U.S. dollars, down 31.9% and 30.3% respectively. According to customs statistics, the first 5 months of this year, China accumulated 74.16 million tons of crude oil imports, worth 24.39 billion U.S. dollars, the year-on-year decline of 2.4% and 53.8% respectively. The average import price is USD 328.9 per ton. Since April, China's crude oil imports began to increase markedly, the month imports 16.17 million tons, the import price of 335.7 U.S. dollars per ton.　　Imports continued to grow in May, and the average import price rose to $370.7 per ton. The report, released on the same day by the General administration of customs, found that April 2 this year, the group of 20 reached an agreement on an increase of more than $1 trillion trillion in the International Monetary Fund, which sparked optimism in the market and provided support for higher crude prices. At the same time, global commodity prices are picking up as investors regain confidence.　　In addition, the current currency as the international market for crude oil in the depreciation trend of the dollar, causing the international market oil prices have been pushed higher. The report notes that since February, China has signed some 45 billion U.S. dollar loans in exchange for oil deals with five countries, including Russia, Brazil, Venezuela, Angola and Kazakhstan.　　This is of great significance to ensure the stable supply of oil and the safe operation of the country's economy. The report also pointed out that China's first batch of 4 Strategic Petroleum Reserve bases-Zhenhai, Zhoushan, Huangdao and Dalian have all been completed and put into use, the second phase of the oil reserve project has been released, but the overall capacity of China's oil reserves is still insufficient, the scale of oil reserves relative to the school