off-the-wire

Asia Naphtha/Gasoline-Gasoline crack rises on healthy buying

Kitco Media
By Reuters
Published:
Updated:
Reuters
NEW DELHI, April 11 (Reuters) - Asia's gasoline markets gained on Tuesday, buoyed by strong trading activity at the deals window for a seventh straight session. The crack for gasoline climbed to $17.42 a barrel over Brent crude, compared with $17.30 a day earlier. At the Singapore window, energy trader Unipec bought 150,000 barrels of benchmark grade of the fuel, while Aramco snapped up 100,000 barrels of the same grade. Trade remained subdued for naphtha amid tepid demand, while cheaper alternative feedstock liquefied petroleum gas (LPG) became the choice for flexi petrochemical units. The naphtha crack gained $3.40 at $53.90 per tonne over Brent crude and backwardation was steady at $6.50 a tonne on Tuesday. NEWS - Two Chinese polyester fibre makers are seeking Beijing's approval to build a $10 billion refinery and petrochemical complex in Indonesia, sources with direct knowledge of the matter told Reuters. - Russia started fuel exports to Iran via rail this year for the first time to diversify its oil products supplies after traditional buyers shunned the trade with Moscow, according to three industry sources and exports data. PRICES
CASH ($/T) ASIA CLOSE Change % Prev RIC Change Close
OSN Naphtha CFR 689.00 1.00 0.15 688.00 <NAF-1H-TY Japan M1 O> OSN Naphtha CFR 682.50 1.00 0.15 681.50 <NAF-2H-TY Japan M2 O> OSN Naphtha Diff 6.50 0.00 0.00 6.50 <NAF-TYO-D IF> Naphtha Netback FOB 74.56 0.12 0.16 74.44 Sing
Naphtha-Brent Crack 53.90 3.40 6.73 50.50 <NAF-SIN-C RK> Gasoline 97 107.90 -0.20 -0.19 108.10 Gasoline 95 104.80 -0.20 -0.19 105.00 Gasoline 92 102.10 -0.20 -0.20 102.30 Gasoline crack 17.42 0.12 0.69 17.30 <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 Shilpi Majumdar)

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