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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.
OIL PRODUCTS
China is expected to export more diesel to other Asian markets this month amid high inventories and better export margins.
- Soft diesel demand over winter and the recent Lunar New Year holiday have led to bloated inventories in China, said Lin Ye, analyst at Rystad Energy. Timespreads in the Asia market are starting to reflect the prospect of more fuel flooding to the region.
- China’s CNPC is expecting refined oil product surplus of 50mn tons this year.
- Chinese diesel export margins averaged $10/bbl in February, up from $5.50/bbl in January, data from Energy Aspects showed.
- State-owned refiners are planning to boost monthly exports of diesel, gasoline and kerosene by about 10% in March, Oilchem said.
- The nation’s fuel exports may be more moderate during April and May, with some oil refiners poised to undergo plant maintenance, Jianan Sun, analyst at Energy Aspects, said.
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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