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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
Daily gasoline consumption is expected fall 3.3% on the month to 0.467m mt in September, according to OilChem.
- Demand will decline in September as the summer travel season ends and colder weather reduces vehicle air conditioner use.
- China's gasoline production in September will also fall, declining by around 0.7m mt on the month to 15.35m mt.
- State-owned refineries have planned to lower the yield of gasoline, cutting monthly production by around 0.6m mt, according to OilChem. Independent refineries will also likely cur gasoline yields despite rising capacity utilization rates, keeping the production roughly flat.
- China’s gasoline export plan for September stands at 0.99m mt, unchanged from August.
- Consequently, China's #92 gasoline price should vary between 9,100-9,250 y/t before softening to 9,100 y/t by the end of September.
Source: OilChem
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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