A Glance of China Oil Market 20261102
Weekly News
China's gasoline and diesel demand to decline further in 2027
China's downstream fuel market is entering a structural adjustment, not a routine cyclical slowdown. GL Consulting's (premium think tank under Mysteel Group) October 2026 forecast projects gasoline demand to decline by 7.9% in 2026 and 4.1% in 2027, while diesel demand is projected to fall by 8.9% and 3.8%, respectively. Electrification, changing freight patterns and industrial decarbonisation are reshaping fuel consumption, with implications that vary by product, region and customer segment.
China's natural gas market set to ease in 2027 as imports rise
In September, China's liquefied petroleum gas (LPG) imports faced a significant contraction. The country imported 2.2055 million tonnes of LPG, a sharp drop of 592,700 tonnes or 21.18% month-on-month and 28.25% year-on-year, according to data from the General Administration of Customs of PRC (GACC). The cumulative imports of LPG from January to September reached 21.3833 million tonnes, down 21.71% year-on-year, GACC's data also indicates.
Iron ore concentrates procurement prices: China's major mills
Nov 04, 2026 19:31
Mysteel Iron Ore Index
Nov 04, 2026 19:11
Mysteel Portside Iron Ore Indices (PORTDEX)
Nov 04, 2026 19:10
Imported iron ore prices: China's major cities
Nov 04, 2026 18:30
Iron ore portside prices: Beilun port
Nov 04, 2026 18:25
