US gasoline price fell back

In the latter half of Jun, however, US gasoline price fell back, and Asia to US arbitrage narrowed. Asia MX price declined fast, while China domestic MX strengthened with demand for gasoline blending component recovering and PX plants increasing MX buying. China domestic to FOB Korea MX price spread widened in positive territory rapidly, to above 1000yuan/mt as of Jul 22, new high since the outbreak of pandemic