off-the-wire

Asia Naphtha/Gasoline-Gasoline crack extend losses, focus on China supplies

Kitco Media
By Reuters
Published:
Updated:
Reuters
NEW DELHI, April 17 (Reuters) - Asia's gasoline refining profit margin extended losses on Monday as market chatter around rise in exports from China soured sentiment, traders said. The crack slipped to $12.03 a barrel from $14.68 a barrel on Friday, although healthy demand in physical markets limited the downside. At the Singapore window, Vitol snapped by 100,000 barrels of gasoline, while Unipec bought 50,000 barrels of the fuel. Trade remained subdued for naphtha amid high supplies and less demand. Meanwhile, Indian state refiners posted a 6.6% fall in gasoline sales at 1.14 million tonnes in the first half of April compared with the same period last month, preliminary sales data showed. TENDERS
OUTSTANDING ASIA GASOLINE
TENDERS:
ISSUER GRADE VOLUME LOADING/DELIVER CLOSE (VALID) Y DATE
PSO/Pakistan B: 92 Unclear June 1-13 Apr 25 PSO/Pakistan B: 92+95 Unclear June 13-15 May 4 PSO/Pakistan B: 92 Unclear June 15-28 May 10 PSO/Pakistan B: 92+95 Unclear June 28-30 May 19


NEWS - Shell Plc on Monday launched its first electric ferry globally at its Singapore refinery and said it would work with the city-state's port authority to cut emissions from ships. - Russia's Gazprombank has expanded its links with banks in India to expedite trade between the two countries in national currencies, a key executive told Reuters, as Russia this year has become the biggest supplier of oil to India. PRICES
CASH ($/T) ASIA CLOSE Change % Prev RIC Change Close
OSN Naphtha CFR 689.00 -7.75 -1.11 696.75 <NAF-1H-TY Japan M1 O> OSN Naphtha CFR 682.50 -7.75 -1.12 690.25 <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 -0.86 -1.14 75.42 Sing
Naphtha-Brent Crack 44.23 -7.37 -14.28 51.60 <NAF-SIN-C RK> Gasoline 97 103.59 -2.90 -2.72 106.49 Gasoline 95 102.10 -1.70 -1.64 103.80 Gasoline 92 98.00 -2.70 -2.68 100.70 Gasoline crack 12.03 -2.65 -18.05 14.68 <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>
NEW Naphtha M1 <NAPCNWEAM


c1>
NEW Naphtha M1/M2 <NAPCNWEAS


Mc1>
NEW Naphtha M2 <NAPCNWEAM


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

*Sing refers to
Singapore

(Reporting by Mohi Narayan; Editing by Shailesh Kuber)

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