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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
OIL PRODUCTS
Prices of gasoil and gasoline in China have gathered momentum in Q3 and are expected to continue an upward trajectory throughout the quarter as the traditional peak demand season starts in September, according to OilChem.
- Prices for road fuels, particularly gasoil, have strengthened in Q3, driven by higher crude prices, improved export profits, and a touted third batch of export quotas.
- Prices at domestic state-owned refineries averaged Yuan 8,877/t for gasoline and Yuan 7,569/t for gasoil in July, an increase of 1.62% and 2.34% respectively on the month.
- The indicative wholesale prices for August recently released by Sinopec also show growing bullish sentiment among Chinese refiners, with prices of gasoline and gasoil rising 3.66% and 7.55% respectively over July.
- OilChem previously estimated that China will export 1.16mn tons of gasoline in August, up 28% in July.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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