# Refined Products Weekly: China’s 4% export VAT to support Singapore ULSD cracks | Kpler - Nov 28, 2024

> Kpler says China's 4% export VAT change should support Singapore ULSD cracks and push them higher. It also expects weak Atlantic Basin fundamentals to pressure European gasoline cracks.

- Date: 2024-11-28 · published 2024-11-28T12:00:00.000Z
- Category: trade · region China · magnitude low
- Page: https://feedsoft.ai/events/27579-refined-products-weekly-china-s-4-export-vat-to-support-singapore-ulsd-cracks
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Changes in Chinese export tax treatment shift product flows toward Asia, supporting Asian distillate margins and indirectly diesel costs for regional buyers.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2022-05-06 | [U.S. fuel prices surge faster than crude as exports tighten market](https://feedsoft.ai/events/41591-u-s-fuel-prices-surge-faster-than-crude-as-exports-tighten-market.md) | +2.0% | -2.9% |
| DIESEL | 2017-05-15 | [Petroleum product exports from Central Atlantic states were unusually high in February -
		U.S. Energy Information Administration (EIA)](https://feedsoft.ai/events/71180-petroleum-product-exports-from-central-atlantic-states-were-unusually-high-in.md) | +5.8% | -4.8% |
| DIESEL | 2025-05-12 | [Oil Prices Jump on US-China Tariff Reduction](https://feedsoft.ai/events/12549-oil-prices-jump-on-us-china-tariff-reduction.md) | +3.4% | +3.8% |
| DIESEL | 2021-10-22 | [China's CNOOC makes rare diesel imports, trading sources say](https://feedsoft.ai/events/44752-china-s-cnooc-makes-rare-diesel-imports-trading-sources-say.md) | -1.6% | -6.6% |
| DIESEL | 2026-05-07 | [Record oil exports could drive U.S. diesel and gas supply shortages just as summer travel starts - MarketWatch](https://feedsoft.ai/events/19460-record-oil-exports-could-drive-u-s-diesel-and-gas-supply-shortages-just-as.md) | +5.0% | -3.8% |

## Sources

- kpler.com: https://www.kpler.com/blog/refined-products-weekly-chinas-4-export-vat-to-support-singapore-ulsd-cracks

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