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China Gasoline Demand Forecast to Slip in March m/m


China gasoline demand is forecast to slip in March according to OilChem, likely to weigh on prices.

  • Daily gasoline consumption is estimated to fall roughly 10% m/m at 445,000 tonnes/day in March.
  • The drop on a monthly basis is expected due to comparative strong demand in February because of the China New Year holiday.
  • China daily gasoline production is expected to edge down 1% m/m at 480,000 tonnes/day in March according to OilChem.
  • China gasoline exports are planned at 0.73 million tonnes in March, around flat vs February.

Source: OilChem

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