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China's April Data: Assessing the Crude Tanker Industry's Outlook

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China's April Data: Assessing the Crude Tanker Industry's Outlook PART 1 OF 4

China’s April Data and the Crude Tanker Industry

China releases April data

China released key economic data for April including its export and import data, auto sales data, and manufacturing index. The information is crucial for assessing the crude oil tanker industry’s outlook.

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Stock performance

Almost all of the crude tanker stocks are trading in red in May. The following are crude tanker stocks’ month-to-date stock returns as of May 12, 2017.

  • Teekay Tankers (TNK) fell 3.4%.
  • Frontline (FRO) fell 4.8%.
  • Tsakos Energy Navigation (TNP) rose 3.4%.
  • Nordic American Tankers (NAT) fell 12.4%.
  • Navios Maritime Midstream Partners (NAP) fell 10.3%.

Series overview

In this series, we’ll take a closer look at China’s April 2017 import and export data. We’ll also see how the manufacturing sector performed. We’ll review how China’s auto industry performed in April. The country’s oil demand is closely related to its gasoline usage. Over the years, China’s auto industry has become the largest in the world.

In many ways, China is the most important country for the crude oil tanker industry. It’s one of the highest crude oil importers. Also, China (FXI) (MCHI) is a global manufacturing hub and the largest manufacturing economy in the world. Its oil demand is closely related to its manufacturing activities. In the next part of this series, we’ll take a closer look at China’s import and export data

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