APAC Diesel Prices Movement Last Quarter:

Diesel Prices in China:

In the last quarter, Diesel Prices in China followed a consistent upward trend, reaching 1,035 USD/MT by the end of the period. This increase was fueled by strong domestic demand, seasonal activities, and supply constraints. Key sectors such as agriculture and construction experienced heightened activity, driving a significant rise in diesel consumption. At the same time, reduced refinery output, particularly due to maintenance at key Shandong refineries, tightened the supply chain. These limitations, coupled with sustained demand, intensified price pressures. Refineries also adjusted operations to meet ongoing sectoral needs, further restricting availability and leaving little room for price stabilization. This combination of high demand and limited supply created a bullish market throughout the quarter, underscoring the impact of operational dynamics and sectoral demand on pricing trends.

Globally, several factors are shaping the diesel market. The rising demand for diesel-powered vehicles, particularly in emerging markets with growing infrastructure, remains a key driver. Heavy-duty transport and industrial machinery continue to rely on diesel engines for their superior fuel efficiency and torque capabilities. Additionally, the expansion of global trade and logistics, which depend on diesel-powered trucks and ships, boosts consumption. In regions with unstable electricity grids, diesel is a critical energy source for power generation. Urbanization and industrialization are further increasing diesel use in construction and mining equipment. Technological advancements in diesel engines, which enhance fuel efficiency and reduce emissions, are attracting markets focused on balancing economic growth with environmental goals. Government subsidies and tax incentives in some regions for industrial and agricultural diesel applications also sustain market demand. Finally, fluctuating crude oil prices play a role in diesel market dynamics, as lower crude prices can encourage greater diesel usage, reinforcing its importance in transportation and industrial sectors.

How IMARC Pricing Database Can Help

The latest IMARC Group study, “Diesel Prices, Trend, Chart, Demand, Market Analysis, News, Historical and Forecast Data 2024 Edition,” presents a detailed analysis of Diesel price trend, offering key insights into global Diesel market dynamics. This report includes comprehensive price charts, which trace historical data and highlights major shifts in the market.

The analysis delves into the factors driving these trends, including raw material costs, production fluctuations, and geopolitical influences. Moreover, the report examines Diesel demand, illustrating how consumer behaviour and industrial needs affect overall market dynamics. By exploring the intricate relationship between supply and demand, the prices report uncovers critical factors influencing current and future prices.

Get Real-Time Prices of Diesel: https://www.imarcgroup.com/diesel-pricing-report

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