China's Gasoline-Diesel Spread Hits Q2 Low at 1,000 and 500 Yuan/Ton on July 28

GAS-6.15%
According to Jin10, on July 28, China's domestic major refiners' gasoline-diesel spread hit the lowest level since Q2, dropping to 1,000 and 500 yuan/ton respectively, while independent refiners in Shandong province saw spreads narrow to 1,500 and 800 yuan/ton. Despite a recent rebound driven by lower wholesale prices, the recovery remains limited, with spreads remaining at cyclical lows.
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