off-the-wire

Asia Naphtha/Gasoline-Naphtha falls on weak demand, gasoline steady

Kitco Media
By Reuters
Published:
Updated:
Reuters
NEW DELHI, May 2 (Reuters) - Asia's naphtha markets declined on the first trading day of May amid thin trading due to public holidays this week and tepid demand for the feedstock from petrochemical crackers. The refining profit margin for naphtha dropped by about $9 to $39.85 a tonne, and the second-half June naphtha traded $4 higher than the following month. On the supply side, exports from India, a key naphtha supplier in the region, dropped to 265,000 tonnes in April, from 536,000 tonnes in March, data from Kpler showed. The gasoline margin, on the other hand, was steady amid weak demand from top importer Indonesia and as market participants sought clarity over China's export quotas for the fuel, traders said. NEWS - PetroChina's Harbin refinery will shut down its whole plant for 50 days of planned maintenance, starting from May 5, the refinery said in a statement on social media.


- Oil prices fell in Asian trade on Tuesday, extending losses seen in the previous session, as weak economic data from China and expectations of a U.S. interest rate increase weigh on the market. SINGAPORE CASH DEALS Two gasoline trades, no naphtha deals. PRICES
CASH ($/T) ASIA CLOSE Change % Prev RIC Change Close
OSN Naphtha CFR 632.50 -9.00 -1.40 641.50 <NAF-1H-TY Japan M1 O> OSN Naphtha CFR 628.50 -8.00 -1.26 636.50 <NAF-2H-TY Japan M2 O> OSN Naphtha Diff 4.00 -1.00 -20.00 5.00 <NAF-TYO-D IF> Naphtha Netback FOB 68.28 -1.00 -1.44 69.28 Sing
Naphtha-Brent Crack 39.85 -9.23 -18.81 49.08 <NAF-SIN-C RK> Gasoline 97 93.80 0.19 0.20 93.61 Gasoline 95 92.35 0.20 0.22 92.15 Gasoline 92 88.30 0.20 0.23 88.10 Gasoline crack 9.28 0.17 1.87 9.11 <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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