# ULSD CIF NWE cargoes hit 12-week low on Baltic volume, seasonal weakness - Shipping News - Shipping Online

> Northwest European ULSD cargoes fell to a 12-week low after record January loadings from Primorsk pressured the market. The market was also weighed down by seasonal post-holiday demand weakness. The February/March spread stayed in backwardation.

- Date: 2018-01-05 · published 2018-01-05T12:00:00.000Z
- Category: trade · region Europe · magnitude low
- Page: https://feedsoft.ai/events/67181-ulsd-cif-nwe-cargoes-hit-12-week-low-on-baltic-volume-seasonal-weakness
- Commodities: [ULSD / Diesel](https://feedsoft.ai/c/DIESEL.md)

## Why it matters

Heavy Russian export supply and weak European demand push diesel differentials lower, which eases distillate costs for importers. Backwardation still points to firmer prices later in the quarter.

## Read by commodity

- DIESEL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DIESEL | 2016-11-29 | [European Cargo Cash Premiums to Benchmark Gasoil Futures Were Assessed at $10.50/Mt_Industries_News_Xccylj.com](https://feedsoft.ai/events/74011-european-cargo-cash-premiums-to-benchmark-gasoil-futures-were-assessed-at-10-50.md) | +9.0% | +12.5% |
| DIESEL | 2018-05-24 | [Grains, oilseeds can't follow through on early gains - Brownfield Ag News](https://feedsoft.ai/events/10839-grains-oilseeds-can-t-follow-through-on-early-gains-brownfield-ag-news.md) | -3.7% | -9.5% |
| DIESEL | 2021-02-17 | [Products: Weak Demand Triggers Unusual ULSD Moves \| Energy Intelligence](https://feedsoft.ai/events/48828-products-weak-demand-triggers-unusual-ulsd-moves-energy-intelligence.md) | +3.3% | +6.3% |
| DIESEL | 2024-08-23 | [Europe draws record diesel supplies as refiners continue to run near capacity \| S&P Global](https://feedsoft.ai/events/28995-europe-draws-record-diesel-supplies-as-refiners-continue-to-run-near-capacity-s.md) | +0.8% | -4.3% |
| DIESEL | 2025-04-04 | [Tariffs, OPEC+, and Carbon Tax Removal Impact Diesel Prices \| Breakthrough](https://feedsoft.ai/events/12525-tariffs-opec-and-carbon-tax-removal-impact-diesel-prices-breakthrough.md) | -6.2% | -8.6% |

## Sources

- shippingonline.cn: http://www.shippingonline.cn/news/newsContent.asp?id=44098

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