off-the-wire

Asia Naphtha/Gasoline-Gasoline margin jumps on firm China, U.S. demand

Kitco Media
By Reuters
Published:
Updated:
Reuters
NEW DELHI, Feb 13 (Reuters) - Asia's gasoline refining profit margin rose on Monday amid robust fuel demand in China and the United States. The crack climbed to $13.70 a barrel, compared with $13.44 a barrel on Friday. China's gasoline imports are on course to hit the highest level since June 2021, Kpler data showed, amid a recovery in mobility after the relaxation of COVID curbs. U.S. gasoline demand rose 1.7% in the latest week to 8.45 million barrels per day, with it rising every day over the week-ago period, data from GasBuddy.com showed on Sunday. At the physical window, there were no trades for gasoline and naphtha for a second straight session. NEWS - Russia's seaborne oil product exports fell about 10% in Feb 1-12 from the same period in January due to the European Union's embargo, the lack of available tankers and the closure of ports due to storms, traders said and Refinitiv data showed. - HMEL sought the supply of 18,000-35,000 tonnes of naphtha in a tender that closed on Feb. 10, they said. The tender comes ahead of the start of a naphtha cracker at its Bathinda refinery in northern India. PRICES
CASH ($/T) ASIA CLOSE Change % Prev RIC Change Close
OSN Naphtha CFR 731.25 14.50 2.02 716.75 <NAF-1H-TY Japan M1 O> OSN Naphtha CFR 718.75 13.00 1.84 705.75 <NAF-2H-TY Japan M2 O> OSN Naphtha Diff 12.50 1.50 13.64 11.00 <NAF-TYO-D IF> Naphtha Netback FOB 79.25 1.61 2.07 77.64 Sing
Naphtha-Brent Crack 88.88 11.81 15.32 77.07 <NAF-SIN-C RK> Gasoline 97 103.93 0.62 0.60 103.31 Gasoline 95 102.30 0.62 0.61 101.68 Gasoline 92 99.35 0.62 0.63 98.73 Gasoline crack 13.70 0.26 1.93 13.44 <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 Maju Samuel)

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