# Asian high sulfur gasoil strengthens on Indonesian buying interest

> Asian high sulfur gasoil prices rose and the spread to low sulfur gasoil narrowed to a two-month low of 49 cents a barrel. Indonesian spot demand is rising after technical problems at the 360,000 b/d Balikpapan refinery cut its gasoil output until at least end-October.

- Date: 2024-10-09 · published 2024-10-09T12:00:00.000Z
- Category: logistics · region Asia · magnitude low
- Page: https://feedsoft.ai/events/11689-asian-high-sulfur-gasoil-strengthens-on-indonesian-buying-interest
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Stronger Indonesian import demand tightens Asian gasoil supply and supports regional diesel prices. The effect on feed commodities is indirect, mainly through fuel and freight costs in the region.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2019-11-26 | [IMO ballast water and low-sulphur rules puts pressure on ocean…](https://feedsoft.ai/events/55974-imo-ballast-water-and-low-sulphur-rules-puts-pressure-on-ocean.md) | -3.3% | +4.5% |
| DIESEL | 2022-01-14 | [Lower East of Suez gasoil, ULSD exports in Jan leave Europe tight \| S&P Global](https://feedsoft.ai/events/43340-lower-east-of-suez-gasoil-ulsd-exports-in-jan-leave-europe-tight-s-and-p-global.md) | +3.1% | +13.3% |
| DIESEL | 2022-10-28 | [Oil Futures Mixed, ULSD Spikes to 6-Month High on Low Supply](https://feedsoft.ai/events/7923-oil-futures-mixed-ulsd-spikes-to-6-month-high-on-low-supply.md) | -4.2% | -25.3% |
| DIESEL | 2017-09-01 | [Inter Continent Trading: Tankers: Persian Gulf vs Red Sea freight premium disappears as Harvey disrupts trade](https://feedsoft.ai/events/68843-inter-continent-trading-tankers-persian-gulf-vs-red-sea-freight-premium.md) | -0.2% | +1.5% |
| DIESEL | 2026-03-04 | [Closure of the Strait of Hormuz causes urea, diesel prices to spike as planting season begins in Arkansas](https://feedsoft.ai/events/4429-closure-of-the-strait-of-hormuz-causes-urea-diesel-prices-to-spike-as-planting.md) | +6.1% | +30.8% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/refined-products/100924-asian-high-sulfur-gasoil-strengthens-on-indonesian-buying-interest

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