China's Diesel Ocean

What else will become massively oversupplied as China slows, rebalances and reforms?

Bloomberg: China Is Sitting on an Ocean of Diesel Fuel
Add diesel to the commodities flooding global markets from China.

The nation exported a record volume of the fuel last month after already shipping unprecedented amounts of steel and aluminum overseas. The weakest economic growth since 1990 is sapping domestic demand for commodities, while refineries, mills and smelters grapple with excess capacity after years of expansion.

..."The world is becoming an ocean of diesel," said Ul-Haq. "Demand in China is not as high as it was previously expected. Chinese refiners are becoming more export oriented."

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