Asia Naphtha/Gasoline-Gasoline nears 2-week high on brisk cash trades By Reuters


Asia Naphtha/Gasoline-Gasoline nears 2-week high on brisk cash trades

SINGAPORE, Sept 11 (Reuters) – Asia’s naphtha crack eased to a three-session low of $22.68 a tonne on Wednesday but gasoline’s profit margin was near a two-week high of $6.94 a barrel, supported by brisk trades in the Singapore cash market.

– A total of nine deals were done, the highest number of trades seen in a single session since March 15. O/AS

– Indonesia’s Pertamina and India’s HPCL have outstanding tenders looking to buy gasoline for September and October delivery respectively. MOG/TENDA

– HPCL needs to import gasoline to plug a supply gap as refiners are taking turns to undergo maintenance to produce cleaner fuels for use in 2020, while Indonesia has higher import needs in September due to Cilacap’s refinery undergoing a planned turnaround.

– In the United States, gasoline stockpiles were projected to have fallen by 800,000 barrels last week, an extended Reuters poll showed on Tuesday. OTHER NEWS: Japan’s Toa Oil Co has shut its only crude unit at its Keihin refinery last week for a two-month maintenance. Below is a table on some of the maintenance in Asia.

– For more information, go to REF/A

IOC/Panipat

half of 300,000 bpd refinery shut from Sept 2-25 BPCL/Mumbai

new 0.9 million tonnes per year gasoline treater starting up in Sept CPC/Talin

CDU + RFCC down for two-month maintenance in Sept Toa Oil/Keihin

70,000 bpd CDU down for two-month maintenance in Sept JXTG/Mizushima

140,000 bpd CDU for Sept to Nov maintenance Pertamina/Cilacap

62,000 bpd RFCC in September maintenance for a month S-Oil/Ulsan

73,000 bpd RFCC for Sept to Oct maintenance

PRICES ASSESSMENTS:

LIGHT DISTILLATES

CASH ($/T)

ASIA CLOSE

Change

% Change

Close

OSN Naphtha CFR Japan M1

494.50

0.00 494.50 NAF-1H-TYO OSN Naphtha CFR Japan M2

492.50

0.00 492.50 NAF-2H-TYO OSN Naphtha Diff

37.50

2.00 NAF-TYO-DIF Naphtha Netback FOB Sing

52.92

0.00 52.92 NAF-SIN Naphtha Diff FOB Sing

0.20 NAF-SIN-DIF Naphtha-Brent Crack

22.68

-1.42

-5.89 24.10 NAF-SIN-CRK Gasoline 97

75.60

3.85 72.80 GL97-SIN Gasoline 95

74.00

3.28 71.65 GL95-SIN Gasoline 92

69.85

2.12 68.40 GL92-SIN Gasoline crack

22.18

5.68 GL92-SIN-CRK

For a list of derivatives prices, including margins, please double click the

RICs below.

M1

BRENTSGMc1

Naphtha CFR Japan M1

NACFRJPSWMc1

Naphtha CFR Japan M1/M2

NACFRJPSDMc1

Naphtha CFR Japan M2

NACFRJPSWMc2

Naphtha Japan-Sing Netback M1

NAPTC4SPDMc1

Naphtha Japan-Sing Netback M2

NAPTC4SPDMc2

Naphtha FOB Sing M1

NAFOBSGSWMc1

Naphtha FOB Sing M1/M2

NAFOBSGSDMc1

Naphtha FOB Sing M2

NAFOBSGSWMc2

Naphtha Cracks M1

NACFRJPCKMc1

East-West Naphtha M1

NAPJPEWMc1

East-West Naphtha M2

NAPJPEWMc2

NWE Naphtha M1

NAPCNWEAMc1

NWE Naphtha M1/M2

NAPCNWEASMc1

NWE Naphtha M2

NAPCNWEAMc2

Crack NWE Naphtha-Brent M1

NAPCNWEACMc1

Crack NWE Naphtha-Brent M2

NAPCNWEACMc2

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