US Cash Products-Gulf Coast gasoline gains on buyer demand
Dec 13 (Reuters) -Cash differentials for gasoline rose in the U.S. Gulf Coast spot market as a buyer emerged on Friday, the first day to trade for Colonial Pipeline's 72nd annual cycle of deliveries to New York Harbor, traders said.
U.S. Gulf Coast M4 conventional gasoline RU-DIFF-USG gained 1.5 cents, trading 3.25 cents lower than the gasoline futures benchmark on the New York Mercantile Exchange, market participants said.
A4 CBOB gasoline CBOB-DIFF-USG fell half a cent, trading 11 cents per gallon below futures, traders said.
Gulf Coast 62-grade ULSD ULSD-DIFF-USG fell 0.55 cent, trading 9.3 cents per gallon below the ultra-low sulfur diesel futures contract on the NYMEX HOc1.
Chicago CBOB gasoline CBOB-DIFF-MC fell 2.75 cents, trading 11 cents per gallon below futures, traders said.
Chicago ultra-low sulfur diesel ULSD-DIFF-MC fell quarter of a cent, trading 21 cents per gallon below diesel futures.
Elsewhere in the Midwest, Group 3 V-grade gasoline RUV-DIFF-G3 gained three quarters of a cent, trading 14 cents lower than the benchmark.
Group 3 diesel ULSD-DIFF-G3 fell quarter of a cent, trading 18.5 cents lower than the benchmark.
In New York Harbor, M4 conventional gasoline RU-DIFF-NYH fell half a cent, trading 7.25 cents per gallon above futures, traders said.
Diesel for delivery in New York Harbor ULSD-DIFF-NYH fell quarter of a cent, trading 2 cents per gallon below futures, traders said.
The RBOB futures contract on NYMEX RBc1 rose 1.33 cents to settle at $2.0018 a gallon on Friday. NYMEX ultra-low sulfur diesel futures HOc1 rose 3.34 cents to settle at $2.27 a gallon.
Renewable fuel (D6) credits RIN-D6-US for 2024 traded at 62.75 cents each on Friday, down from 64 cents in the previous session, traders said.
Biomass-based (D4) credits RIN-D4-US traded flat to D6, down from 64 cents each previously, traders said.
Latest day | |||||
Timing | NYMEX Contract | Bid | Offer | Change | |
U.S. GULF COAST <0#P-USG, PPIM> * Scheduling | |||||
A4 CBOB gasoline CBOB-DIFF-USG | Cycle 72 | December RBOB | -11.25 | -10.75 | -0.50 |
M4 conventional gasoline RU-DIFF-USG | Cycle 72 | January RBOB | -3.50 | -3.00 | 1.50 |
62-grade ULSD ULSD-DIFF-USG | Cycle 71 | December HO | -9.55 | -9.05 | -0.55 |
54-grade jet fuel JET-DIFF-USG | Cycle 72 | December HO | -11.25 | -10.75 | -0.75 |
Heating oil HO-DIFF-USG | Cycle 72 | December HO | -23.00 | -21.75 | -1.00 |
NEW YORK HARBOR <0#P-NYH, PPIL> | Bid | Offer | Change | ||
M4 conventional gasoline RU-DIFF-NYH | Prompt | December RBOB | 6.75 | 7.75 | -0.50 |
F4 RBOB RBOB-DIFF-NYH | Prompt | December RBOB | -1.00 | 1.00 | -1.00 |
ULSD ULSD-DIFF-NYH | Prompt | December HO | -2.25 | -1.75 | -0.25 |
Heating oil HO-DIFF-NYH | Prompt | December HO | -11.00 | -10.00 | -0.50 |
Jet fuel JET-DIFF-NYH | Prompt | December HO | -6.50 | -6.00 | -1 |
MIDWEST 0#P-G3, 0#P-MC, IHPROD/MIDCO | Bid | Offer | Change | ||
Chicago CBOB gasoline CBOB-DIFF-MC | Cycle 2 | December RBOB | -11.25 | -10.75 | -2.75 |
Chicago ULSD ULSD-DIFF-MC | Cycle 2 | December HO | -21.25 | -20.75 | -0.25 |
Group Three gasoline RUV-DIFF-G3 | December RBOB | -14.25 | -13.75 | 0.75 | |
Group Three ULSD ULSD-DIFF-G3 | December HO | -18.75 | -18.25 | -0.25 | |
Reporting by Nicole Jao in New York; Editing by David Gregorio
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