VIDEO: China faces strong gasoil demand, gasoline demand softening
SINGAPORE (ICIS)–Watch industry analyst Floria Dai discuss China’s gasoline and gasoil market which have seen varying trends in wholesale prices.
- Most state-owned sales companies hiked gasoil prices to latest wholesale ceiling
- Sluggish end-user demand amid COVID-19 resurgence weighs on gasoline wholesale prices
- Market players waiting for clearer direction from next retail ceiling adjustment
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