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U.S. diesel markets have not yet reflected the expected demand boost from the IMO 2020 switch to 0.5% sulfur marine fuel effective January 2020. Gulf Coast Colonial pipeline diesel has traded 4-6 cents/gallon below Nymex ULSD futures since February, and refiners have not clearly raised distillate yields or built low-sulfur stocks.
Without a visible diesel premium, fuel cost pressure for feed logistics is not yet building, though the rule could still tighten supply later.
middleeastmetals.irJul 20, 2019After 27 past neutral policy events, DIESEL moved a median -1.4% over 5 sessions (41% higher; middle half -4.3% to +2.6%), and -4.6% 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.
