Gasoil Prices, markets & analysis
ICIS provides local coverage of the Gasoil market in China, ensuring you are aware of potential shortages or oversupply in advance.
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
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.
China’s end-user demand for gasoil did not improve much in the three months ended mid-November, despite the traditional peak season between mid-August and mid-November, resulting in domestic oversupply.
China’s gasoil consumption in the third quarter of 2013 rose by 2.5% year on year, according to data by the National Bureau of Statistics. Consumption had been boosted by demand from the agriculture, industrial, logistic and construction sectors.
The operating rates for Chinese major refineries averaged at 82% from mid-August to mid-November, down by one percentage point from the previous three months. The run rates of independent refineries in Shandong rose to 38-40% during the same period, because of fewer turnarounds.
Wholesale prices for gasoil fluctuated since mid-August, following changes in retail ceiling prices. The price for zero-pour-point gasoil hit a three-month high of yuan (CNY) 7,937/tonne on 16 September after two hikes in retail ceiling prices. Wholesale prices subsequently rose in the second half of October, partly because supply across China, particularly in the northern region, typically tightens in the short term during winter. Prices then fell to CNY7,800/tonne in November, but remained CNY50/tonne higher than August’s average price, after retail ceiling prices were lowered twice on the back of softer international crude prices.
Looking forward, China is expected to increase its gasoil exports in the fourth quarter to reduce the domestic oversupply which started since September.
Updated to mid-November 2013
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.