Asia Naphtha/Gasoline-Naphtha crack rises, gasoline falls

NEW DELHI, Feb 20 (Reuters) - Asia’s refining profit margin for naphtha extended gains on Monday after posting a weekly gain of 32% on Friday, buoyed by firm demand for first-half May cargoes. The naphtha crack rose by $7.75 to $109.38 a tonne. In physical markets, energy trader BP sold 25,000 tonnes of first-half May naphtha, while Vitol bought a total of 100,000 barrels of benchmark grade of gasoline, market participants said. The gasoline crack, on the other hand, inched lower at $11.70 a barrel on Monday, although sentiment remained positive amid strong Chinese local demand. NEWS Oil prices rose on Monday amid optimism over China's demand recovery, concerns that underinvestment will crimp future oil supply and as major producers keep output limits in place. PRICES LIGHT DISTILLATES
CASH ($/T) ASIA CLOSE Chang % Prev RIC e Change Close
OSN Naphtha CFR Japan 737.50 8.50 1.17 729.00 <NAF-1H-TYO M1 > OSN Naphtha CFR Japan 718.00 9.00 1.27 709.00 <NAF-2H-TYO M2 > OSN Naphtha Diff 19.50 -0.50 -2.50 20.00 <NAF-TYO-DI F> Naphtha Netback FOB 79.94 0.94 1.19 79.00 Sing
Naphtha Diff FOB Sing 0.40 0.00 0.00 0.40 <NAF-SIN-DI F> Naphtha-Brent Crack 109.38 7.75 7.63 101.63 <NAF-SIN-CR K> Gasoline 97 99.93 -0.14 -0.14 100.07 Gasoline 95 98.75 -0.14 -0.14 98.89 Gasoline 92 95.45 -0.14 -0.15 95.59 Gasoline crack 11.70 -0.24 -2.01 11.94 <GL92-SIN-C RK>
For a list of derivatives prices, including
margins, please double click the RICs below.
Brent M1 Naphtha CFR Japan M1 <NACFRJPSWMc

1>
Naphtha CFR Japan <NACFRJPSDMc
M1/M2 1>
Naphtha CFR Japan M2 <NACFRJPSWMc

2>
Naphtha Japan-Sing <NAPTC4SPDMc
Netback M1 1>
Naphtha Japan-Sing <NAPTC4SPDMc
Netback M2 2>
Naphtha FOB Sing M1 <NAFOBSGSWMc

1>
Naphtha FOB Sing M1/M2 <NAFOBSGSDMc

1>
Naphtha FOB Sing M2 <NAFOBSGSWMc

2>
Naphtha Cracks M1 <NACFRJPCKMc

1>
East-West Naphtha M1 East-West Naphtha M2 NWE Naphtha M1 <NAPCNWEAMc1

>
NWE Naphtha M1/M2 <NAPCNWEASMc

1>
NWE Naphtha M2 <NAPCNWEAMc2

>
Crack NWE <NAPCNWEACMc
Naphtha-Brent M1 1>
Crack NWE <NAPCNWEACMc
Naphtha-Brent M2 2>

*Sing refers to
Singapore
(Reporting by Mohi Narayan)

Reuters

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Asia Naphtha/Gasoline-Naphtha crack rises, gasoline falls

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