Free Trial
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’s gasoline prices are expected to begin falling in October, despite the rally at the beginning of the same month, according to OilChem.
- Intensive stockpiling of gasoline before China’s National Day holiday will drive prices to their peak, which will then be followed by a fall as traders sit out of the market.
- OilChem estimates that daily consumption of gasoline in October will be 3% higher than for September at 481k mt/d, although slightly below July and August levels.
- Gasoline production is projected to fall roughly 2% on the month to 0.5m mt/d in October as state-owned refineries plan to marginally reduce capacity utilisation rates. Rates will fall as demand stays flat at present and independent refineries' production remains unchanged.
- The gasoline exports are planned at 1.03m mt in October, with no imports planned to date, OilChem said.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok