- Coronavirus pandemic has resulted in an unprecedented demand destruction in Asia.
- Commodity trends in the country seem to be showing signs of recovery despite the outbreak.
S&P Global Platts editor Avantika Ramesh and analysts Oceana Zhou and Daisy Xu discuss if China is the only respite for crude sellers under the current circumstances.
Chinese markets in the path of recovery
There has been unprecedented demand destruction in Asia as a result of the coronavirus pandemic, causing many refiners to cut run rates.
While COVID-19 initially wreaked havoc in Chinese markets, commodity trends in the country seem to be showing signs that it is getting back in business.
Other countries in the region, meanwhile, are still on lockdown and even extending quarantine periods.
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Source: Platts
