Expert from Sinopec predicted that China's production of most oil products will increase in the rest of the year with more domestic refining equipment in operation.

    Import of gasoline and diesel oil will be affected by the rise of refined crude oil, the growth rebound of main oil products, and the cut of import value-added tax rebate on product oil.

    Import of fuel oil may increase with the rebound of small refining enterprises' operating rate.

    At the same time, export of gasoline and diesel oil will be subject to the domestic supply and demand situation, and related policies.

    Generally speaking, China's product oil market will be basically stable in the rest of the year, with a less bull market features.