China gasoline demand is forecast to slip in March according to OilChem, likely to weigh on prices.
- Daily gasoline consumption is estimated to fall roughly 10% m/m at 445,000 tonnes/day in March.
- The drop on a monthly basis is expected due to comparative strong demand in February because of the China New Year holiday.
- China daily gasoline production is expected to edge down 1% m/m at 480,000 tonnes/day in March according to OilChem.
- China gasoline exports are planned at 0.73 million tonnes in March, around flat vs February.
Source: OilChem