- India's crude imports rose to a six-month high in January, government
data showed on Monday, as refiners in the world's third-biggest oil importer
and consumer snapped up cheaper Russian supply. PRICES
CASH ($/T) ASIA CLOSE Change % Prev RIC
Change Close
OSN Naphtha CFR 743.50 6.00 0.81 737.50 <NAF-1H-TY
Japan M1 O>
OSN Naphtha CFR 724.00 6.00 0.84 718.00 <NAF-2H-TY
Japan M2 O>
OSN Naphtha Diff 19.50 0.00 0.00 19.50 <NAF-TYO-D
IF>
Naphtha Netback FOB 80.61 0.67 0.84 79.94 Sing
Naphtha-Brent Crack 115.45 6.07 5.55 109.38 <NAF-SIN-C
RK>
Gasoline 97 101.38 1.45 1.45 99.93 Gasoline 95 100.20 1.45 1.47 98.75 Gasoline 92 96.90 1.45 1.52 95.45 Gasoline crack 13.16 1.46 12.48 11.70 <GL92-SIN-
CRK>
For a list of derivatives prices, including margins,
please double click the RICs below.
Brent M1 Naphtha CFR Japan M1 Naphtha CFR Japan M1/M2
Naphtha CFR Japan M2 Naphtha Japan-Sing Netback M1
Naphtha Japan-Sing Netback M2
Naphtha FOB Sing M1 Naphtha FOB Sing M1/M2
Naphtha FOB Sing M2 Naphtha Cracks M1 East-West Naphtha M1 East-West Naphtha M2 NWE Naphtha M1 NWE Naphtha M1/M2 NWE Naphtha M2 Crack NWE Naphtha-Brent M1
Crack NWE Naphtha-Brent M2
*Sing refers to
Singapore
(Reporting by Mohi Narayan; Editing by Sherry Jacob-Phillips)
NEW DELHI, Feb 21 (Reuters) - Asia's gasoline refining profit margin
rose on Tuesday as supplies from China dwindled, while demand from top buyer
Indonesia is expected to gain steam ahead of the festival of Ramadan, traders
said.
The crack jumped by $1.46 to $13.16 over Brent crude oil. Less export volumes lately from China compared with that of fourth-quarter
2022 are driving gains in gasoline markets, an India-based trader said.
In physical markets, energy trader Vitol snapped up 100,000 barrels of the
higher grade of motor fuel for a second straight day, while Equinor bought
25,000 tonnes of first-half May naphtha, market participants said. The naphtha crack climbed to over nine-month high of $115.45 a tonne on
Tuesday as markets remained tight due to a dearth of Western supplies.
REFINERY NEWS
- South Korean refiner GS Caltex plans to shut one of its four
crude distillation units (CDUs) for maintenance in March, several sources
close to the matter said on Tuesday.
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