# Falling diesel fuel demand in china paints bleak picture

> Wells Fargo data shows China's apparent diesel demand fell 14% in March and 19% in April 2019, reaching lows not seen in a decade. Monthly demand has declined since December 2017. Wells Fargo links the drop to economic weakness and the U.S. tariff dispute.

- Date: 2019-05-28 · published 2019-05-28T12:00:00.000Z
- Category: macro · region China · magnitude medium
- Page: https://feedsoft.ai/events/10413-falling-diesel-fuel-demand-in-china-paints-bleak-picture
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

A sharp fall in China's diesel demand signals weaker industrial and freight activity, which lowers global fuel demand and pressures crude prices. Weaker Chinese growth also reduces import demand for feed commodities.

## Read by commodity

- WTI: bearish ▼
- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2023-06-06 | [U.S. diesel demand is falling despite economic growth](https://feedsoft.ai/events/35684-u-s-diesel-demand-is-falling-despite-economic-growth.md) | -2.5% | +5.3% |
| DIESEL | 2024-10-28 | [Benchmark diesel price rises against backdrop of falling futures - FreightWaves](https://feedsoft.ai/events/28037-benchmark-diesel-price-rises-against-backdrop-of-falling-futures-freightwaves.md) | +0.1% | +1.6% |
| DIESEL | 2023-04-17 | [Drop in Diesel Demand Heightens Recession Concerns - TT](https://feedsoft.ai/events/36589-drop-in-diesel-demand-heightens-recession-concerns-tt.md) | -6.1% | -13.1% |
| DIESEL | 2019-05-24 | [Oil Falls As US-China Trade War, Demand Make 'Recipe for Disaster' - Business Insider](https://feedsoft.ai/events/9797-oil-falls-as-us-china-trade-war-demand-make-recipe-for-disaster-business-insider.md) | -6.4% | -2.6% |
| DIESEL | 2022-07-08 | [Global diesel demand starts to slacken as economy falters \| Reuters](https://feedsoft.ai/events/11245-global-diesel-demand-starts-to-slacken-as-economy-falters-reuters.md) | -0.3% | -10.3% |
| WTI | 2024-10-28 | [Benchmark diesel price rises against backdrop of falling futures - FreightWaves](https://feedsoft.ai/events/28037-benchmark-diesel-price-rises-against-backdrop-of-falling-futures-freightwaves.md) | -3.1% | -0.6% |
| WTI | 2024-10-13 | [Oil falls 2% as OPEC cuts oil demand growth view, China concerns](https://feedsoft.ai/events/28026-oil-falls-2-as-opec-cuts-oil-demand-growth-view-china-concerns.md) | -8.3% | -7.0% |
| WTI | 2019-05-24 | [Oil Falls As US-China Trade War, Demand Make 'Recipe for Disaster' - Business Insider](https://feedsoft.ai/events/9797-oil-falls-as-us-china-trade-war-demand-make-recipe-for-disaster-business-insider.md) | -2.1% | -1.6% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/05/28/falling-diesel-fuel-demand-in-china-paints-bleak-picture.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.