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Benchmark ULSD barges in ARA (Amsterdam-Rotterdam-Antwerp) fell $506.50 per tonne ($59.38 per barrel) on Thursday, March 10, 2022, likely the largest single-day price drop on record. The decline follows a surge in European diesel prices earlier in the month.
A crash of this size signals that European diesel tightness has eased sharply, which lowers fuel and freight costs for European feed logistics. Prices remain highly volatile, so buyers should expect further swings.
qcintel.comMar 11, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
