Commodity Market Report
Taiwan product markets long-term outlook H1 2020
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Report summary
In 2019, Taiwan's oil product supply was in surplus of 82,000 b/d. There is a large deficit of LPG and naphtha while surpluses of diesel/gasoil and gasoline. From 2019 onward, we expect refinery supply to remain constant, resulting in a small overall total product surplus being maintained. However, in 2020, Taiwan is forecast to show a small deficit resulting from refinery run cuts due to Covid-19.
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