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 Q2 2014
China’s gasoil demand was weak due to the sluggish economy. Only small rises were recorded in domestic output in the period because of heavy maintenance at major domestic refiners. Meanwhile, prices lacked upward support amid a balance between supply and demand.
The Chinese government made three hikes and one cut in the second quarter to reflect the changes in international crude values. After the adjustments, gasoil retail price ceiling was CNY325/tonne higher. Meanwhile, wholesale prices were only CNY150/tonne higher, capped by the soft domestic demand.
The lowest price of zero-pour-point gasoil in April-June was at CNY7,536/tonne, which was recorded in mid-May. The highest price of CNY7,694/tonne appeared in late June, underpinned by the government’s hikes.
Operating rates of major domestic refiners averaged 80.67% in April-June, representing a 4.5 percentage point drop from the average in January-March because of heavy maintenance. The run rate of Shandong independent refiners averaged 38.75% in April-June, up by 0.75 percentage points from the average in January-March, as more refiners ended maintenance since May.
Gasoil demand in April-June was slightly warmer than the first quarter, but was lower than the period of last year because of the fishing ban in China, the rainy weather in some parts of the country and low operating rates in the construction field.
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.