Gasoil Prices, markets & analysis
The ICIS C1 China Gasoil Supply and Demand Index Monthly allows market participants to identify business opportunities, based on China’s gasoil consumption and balance forecast. It gives you the information you need to confidently make strategic plans and gives you a competitive advantage in the dynamic gasoil market.
Use ICIS information to:
- Assess potential business opportunities
- Respond quickly to market developments
- Plan your trades to optimise your margins
- Negotiate contracts with confidence
Now availiable: Comprehensive data on over 300 commercial oil terminals in China
Gasoil news and market information products from ICIS
We offer the following regional Gasoil coverage to keep you informed of factors and developments affecting prices in the China Gasoil marketplace.
Price Reporting – More information about the price reports we publish on Gasoil
Independent price assessments and market coverage
Price History – More information about the historical price data we publish on Gas
Track historical price data
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News & analysis
News & Analysis - News & market analysis specifically relating to Gasoil
Breaking news of latest developments affecting the markets.
Insight and analysis of factors driving prices.
Updated to Q4 2014
Refining margins for European gasoil rose during the fourth quarter on falling Brent crude oil futures.
Supply increased as refiners ramped up production, but margins for gasoil remained lower than for diesel due to relatively poor demand.
Demand failed to pick up in the approach to the year-end as the weather in Europe remained warmer than usual for the time of the year.
Gasoil is normally used across Europe for heating purposes and demand has traditionally increased during winter months.
In Germany, customer inventory levels were high, suppressing demand even further.
ICE gasoil futures plummeted during the fourth quarter on the back of falling upstream ICE Brent crude oil futures.
Premiums for gasoil over ICE gasoil futures largely remained steady as neither demand nor supply fluctuated wildly.
The market shifted from a backwardation to a steep contango in December on the impending switch from high-sulphur gasoil to low-sulphur gasoil early in 2015.
Updated to Q2 2015
Refining margins for all crude oil products remained high during the second quarter compared with the same time last year despite sporadic rises in ICE Brent crude oil futures, with refinery run rates continuing at high levels as a result.
Prices for crude oil products stood strong, with gasoline margins hitting eight-year highs in June.
Gasoline has given a stellar performance in the second quarter. The thirst for gasoline in the US and Asia has surprised many traders and analysts. Refiners in the US and Europe have struggled to meet the demand because of peak capacity, despite being awash with gasoline-rich light crude oil.
Meanwhile, their counterparts in the Middle East, India, Brazil and Colombia have been struggling due to outages and delays amounting to 1.5m barrels of capacity.
Gasoil demand fell during the second quarter as demand for heating fuel decreased in the approach to summer. Diesel imports from the US started arriving once again, and combined with imports from Russia, have flooded the market. Nonetheless, strong Algerian and Saudi Arabian demand supported the Mediterranean gasoil markets.
Our network of local reporters closely follows China’s gasoil market, giving market participants access to the following information:
- - A three-month supply-and-demand forecast and trends analysis of gasoil in China, based on current data and incorporating seasonal factors
- - A comprehensive and exclusive databank, with information on gasoil and gasoline inventory levels and production capacities of independent refiners in China
- - A quantitative guide to China’s distillate market, including balance range, potential market imbalance and import and export activities
Whether you are an international or local producer, trader or business analyst, the monthly ICIS C1 China Gasoil Supply and Demand Index can provide you with the data you need to make confident commercial decisions.
For international producers: The report enables you to gauge opportunities in China’s gasoil market. Stay abreast of export opportunities to China using the three-month forecast covering local consumption and highlighting supply shortages.
For local producers: The monthly index gives you an indication of supply shortages or surpluses, allowing you to identify potential for expansion or the need to adjust to meet export demand.
For international and local traders or business analysts: The three-month forecast enables you to identify the best time to negotiate deals, assuring you maximise profit and negotiate contracts with confidence.
ICIS offers an unmatched historical data series thanks to its pioneering work on the energy markets. Whether you are looking to build pricing models, analyse past trends or strengthen your risk management strategy, ICIS's historical data will help you make better decisions and complete your data archive.
Our historical pricing information includes price assessments, indices and trades and - for some markets - stretches as far back as 1994. Our historical data suite can provide you with: price assessments and trades for Europe's most liquid hubs; benchmark indices series for flagship NBP market; unrivalled price history for seven European power markets; LNG price assessments, pool prices and trades; detailed pricing information for the crude oil, carbon and coal markets; tailored packages to suit your needs.
ICIS price assessments are based on information gathered from a wide cross-section of the market, comprising consumers, producers, traders and distributors from more than 250 reporters world-wide. Confirmed deals, verified by both buyer and seller, provide the foundation of our price assessments.
Our in-depth market knowledge drives our specialist focus, as we recognise the importance of individual market dynamics and not a one-size-fits-all approach.
Over 25 years of reporting on key chemicals markets, including Gasoil, has brought global recognition of our methodology as being unbiased, authoritative and rigorous in preserving our editorial integrity. Our global network of reporters in Houston, London, Singapore, Shanghai, Guangzhou, Mumbai, Perth and Moscow ensures unrivalled coverage of established and emerging markets.