Intermodal Weekly Market Report [W06]

China’s GDP is forecast to rally 3% y-o-y and reach 5.5% following the country’s exit from its strict zero-covid policy. The elevated economic growth will eventually lead to fuel demand recovery. Indeed, amid the sharp increase in passenger flights and road traffic, as well as signals that China’s massive refining sector is speeding up processing rates, there are undoubtedly a plethora of signs that the country’s demand for fuel is steadily recovering…