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Reuters reports that Chinese diesel demand is expected to grow up to 0.3% in 2017 after shrinking 3.5% in 2016. Dalian ports are seeing ships queue to load diesel for domestic delivery, which suggests low inventories.
A recovery in Chinese diesel demand could limit export growth and support Asian diesel margins and prices.
hydrocarbonprocessing.comJul 28, 2017After 105 past bullish macro events, ULSD / Diesel moved a median -0.4% over 5 sessions (45% higher; middle half -3.4% to +1.8%), and +1.2% 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.
