Shandong Independent Refineries' Gasoline and Diesel Production-Sales Ratios Rise to 92% and 103% in Past Week

GAS3.70%
According to Jin10 Futures, over the past week as of July 7, Shandong independent refineries' gasoline production-sales ratio rose to 92%, up 2 percentage points from the previous week, while diesel production-sales ratio climbed to 103%, also up 2 percentage points. The increase followed earlier declines in Shandong refinery gasoline and diesel prices to relatively low levels, which improved downstream purchasing intent and boosted restocking demand. Routine maintenance at major refineries including Dongying United and Wantong also reduced output during the period.
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