# Distillate summary: China, India spook diesel markets

> European diesel cargo prices were roughly flat on the week at about $1,007.50/mt CIF, after a late rally on reports China would not issue a third round of refinery export quotas. Russian export restrictions and a surprise drop in US distillate stocks also supported prices, while ARA stocks rose but remain 12% below the five-year average.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/34296-distillate-summary-china-india-spook-diesel-markets
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Chinese export limits and Russian supply constraints keep global diesel tight, supporting energy and freight costs for feed and grain shippers.

## Read by commodity

- DIESEL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2017-07-05 | [Asia's Booming Diesel Market Draws Rare European](https://feedsoft.ai/events/70129-asia-s-booming-diesel-market-draws-rare-european.md) | -1.2% | +9.9% |
| DIESEL | 2019-12-30 | [Viewpoint: California to maximize EPA diesel, exports \| Latest Market News](https://feedsoft.ai/events/55747-viewpoint-california-to-maximize-epa-diesel-exports-latest-market-news.md) | -1.0% | -16.4% |
| DIESEL | 2017-04-19 | [IRPC '17: Senior engineer sees "dynamic market" for European diesel imports](https://feedsoft.ai/events/71700-irpc-17-senior-engineer-sees-dynamic-market-for-european-diesel-imports.md) | -4.7% | -6.5% |
| 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

- qcintel.com: https://www.qcintel.com/article/distillate-summary-china-india-spook-diesel-markets-17346.html

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