off-the-wire

Asia Naphtha/Gasoline-Gasoline crack falls, naphtha rises

Kitco Media
By Reuters
Published:
Updated:
Reuters
NEW DELHI, Jan 31 (Reuters) - Asia's gasoline refining profit margin declined on Tuesday amid demand concerns in the South Asian region. The crack slipped by around $2 to $12.90 a barrel over Brent crude. In physical markets, energy trader PTT sold 50,000 barrels of the benchmark grade gasoline at $97.40 per barrel on free-on-board basis, market participants said. Pakistan could face a crunch in fuel supplies in February as banks have stopped financing and facilitating payments for imports due to depleting foreign exchange reserves, traders and industry sources said. Meanwhile, the naphtha crack rose by $1.50 to $62.63 a tonne over Brent crude on Tuesday. NEWS - Indonesian state energy company Pertamina is looking into developing a fuel product by mixing gasoline, methanol and ethanol, its chief executive Nicke Widyawati said in a parliamentary hearing on Tuesday. - Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. SINGAPORE CASH DEALS One gasoline trade, one naphtha deal. PRICES
CASH ($/T) ASIA CLOSE Change % Prev RIC Change Close
OSN Naphtha CFR 696.00 -9.00 -1.28 705.00 <NAF-1H-TY Japan M1 O> OSN Naphtha CFR 689.00 -9.00 -1.29 698.00 <NAF-2H-TY Japan M2 O> OSN Naphtha Diff 7.00 0.00 0.00 7.00 <NAF-TYO-D IF> Naphtha Netback FOB 75.33 -1.00 -1.31 76.33 Sing
Naphtha Diff FOB 0.40 0.00 0.00 0.40 <NAF-SIN-D Sing IF> Naphtha-Brent Crack 62.63 1.50 2.45 61.13 <NAF-SIN-C RK> Gasoline 97 102.14 -3.44 -3.26 105.58 Gasoline 95 100.47 -3.44 -3.31 103.91 Gasoline 92 97.35 -3.44 -3.41 100.79 Gasoline crack 12.90 -2.04 -13.65 14.94 <GL92-SIN- CRK>
For a list of derivatives prices, including
margins, please double click the RICs below.
Brent M1 <BRENTSGMc


1>
Naphtha CFR Japan M1 <NACFRJPSW


Mc1>
Naphtha CFR Japan <NACFRJPSD
M1/M2 Mc1>
Naphtha CFR Japan M2 <NACFRJPSW


Mc2>
Naphtha Japan-Sing <NAPTC4SPD
Netback M1 Mc1>
Naphtha Japan-Sing <NAPTC4SPD
Netback M2 Mc2>
Naphtha FOB Sing M1 <NAFOBSGSW


Mc1>
Naphtha FOB Sing <NAFOBSGSD
M1/M2 Mc1>
Naphtha FOB Sing M2 <NAFOBSGSW


Mc2>
Naphtha Cracks M1 <NACFRJPCK


Mc1>
East-West Naphtha M1 <NAPJPEWMc


1>
East-West Naphtha M2 <NAPJPEWMc


2>
NWE Naphtha M1 <NAPCNWEAM


c1>
NWE Naphtha M1/M2 <NAPCNWEAS


Mc1>
NWE Naphtha M2 <NAPCNWEAM


c2>
Crack NWE <NAPCNWEAC
Naphtha-Brent M1 Mc1>
Crack NWE <NAPCNWEAC
Naphtha-Brent M2 Mc2>

*Sing refers to
Singapore
(Reporting by Mohi Narayan; Editing by Rashmi Aich)

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