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Commerzbank says diesel is near fall 2014 price levels at about $700 per ton wholesale, with crude driving the increase. Market supply is currently ample after Saudi and Russian output increases and rising US production, but Iran sanctions fears support prices.
Recent inventory rebuilds and record Chinese diesel exports point to easing prices.
Rising Chinese diesel exports and inventory rebuilding suggest softer diesel prices, which would reduce logistics and feed-processing costs.
dhl-freight-connections.comSep 26, 2018Not 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.
