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Vortexa reports that global diesel arbitrage flows are shifting as demand recovery and inventory draws vary by region. China's diesel exports fell sharply in June, while India and Saudi Arabia redirected exports toward Asia.
Floods in China have also hit domestic demand.
Shifting diesel trade routes change regional fuel availability and pricing, which feeds into transport costs for grain and feed. The impact on feed prices is limited.
vortexa.comVortexa AnalystsJul 7, 2020After 65 past trade events, DIESEL moved a median -1.2% over 5 sessions (43% higher; middle half -5.2% to +2.6%), and -1.6% over 20.
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.
