China Gasoline, Diesel Crack Spreads Rebound on June 15, Up 151-159 Yuan/Ton Amid Oil Decline

GAS9.07%
According to Jin10 Futures, on June 15, China's gasoline crack spread rebounded to 900.69 yuan/ton, up 151.22 yuan/ton from the previous day, while diesel crack spread rose to 762.05 yuan/ton, gaining 159.04 yuan/ton. The rebound followed a U.S.-Iran agreement to resolve Middle East tensions, which sent crude oil futures to their lowest level since March 4. The decline in international crude costs limited downstream fuel price falls, widening product crack spreads.
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