Asia Distillates-Margins sink further; more Oct refiner offers emerge
SINGAPORE, Sept 17 (Reuters) -Asia's middle distillates markets recorded more October refiner selling interest, in line with earlier expectations, though open trading window activity was mostly muted.
South Korea's SK Energy continuedtheir slew of sales activity, offering two spot cargoes via a tender closing on Tuesday. MDIS/TENDA
More offers are expected to emerge in the next few trading sessions as sellers continue clearing their October selling requirements, though some traders are expecting China-origin volumes to be curtailed because of volatile export margins.
Refining margins GO10SGCKMc1 for 10ppm sulphur gasoil were at nearly three-year lows, weighed on by little changed paper markets and overall stronger crude prices.
Spot discounts GO10-SIN-DIF on the open trading window held steady from the previous trading session, owing to a buy-sell gap in the open trading window and lack of lower-priced sellers.
Meanwhile, weakness in jet fuelmarkets was less pronounced, given some short-coveringdemand still evident in the regional markets.
Regrade JETREG10SGMc1 flipped back into a premium of 25 cents a barrel, hovering at a three-month high as a reflection of this.
SINGAPORE CASH DEALS O/AS
- No gasoil deal, one jet fuel deal.
INVENTORIES
- U.S. crude oil stockpiles were expected to have fallen last week, while gasoline inventories likely rose, a preliminary Reuters poll showed on Monday. EIA/S
REFINERY NEWS REF/OUT
- Russia's primary oil refining capacity is expected to rise in the second half of September as refineries are wrapping up their maintenance, according to Reuters calculations based on data from industry sources.
NEWS
- Indian state retailers' diesel sales fell in the first half of September from the previous month, preliminary sales data showed on Monday, as monsoon rains hit industrial activity and mobility.
- Investors were more bearish than ever on crude oil last week, deepening a months-long selloff that pressured prices to multi-year lows amid growing concerns of weak demand in top consuming nations.
- Libyan crude exports reached about 550,000 barrels per day last week, a three-fold increase on the previous week, according to data from analytics firm Kpler and a shipping agent.
PRICES
MIDDLE DISTILLATES | ||||
CASH ($/BBL) | ASIA CLOSE | Change | Prev Close | RIC |
Spot Gas Oil 0.5% | 76.31 | 0.20 | 76.11 | GO-SIN |
GO 0.5 Diff | -6.39 | 0.00 | -6.39 | GO-SIN-DIF |
Spot Gas Oil 0.25% | 81.34 | 0.20 | 81.14 | GO25-SIN |
GO 0.25 Diff | -1.36 | 0.00 | -1.36 | GO25-SIN-DIF |
Spot Gas Oil 0.05% | 80.99 | 0.20 | 80.79 | GO005-SIN |
GO 0.05 Diff | -1.71 | 0.00 | -1.71 | GO005-SIN-DIF |
Spot Gas Oil 0.001% | 82.22 | 0.20 | 82.02 | GO10-SIN |
GO 0.001 Diff | -0.48 | 0.00 | -0.48 | GO10-SIN-DIF |
Spot Jet/Kero | 82.88 | 0.67 | 82.22 | JET-SIN |
Jet/Kero Diff | -0.11 | 0.02 | -0.13 | JET-SIN-DIF |
For a list of derivatives prices, including margins, please double click the RICs below. | ||||
Brent M1 | BRENTSGMc1 | |||
Gasoil M1 | GOSGSWMc1 | |||
Gasoil M1/M2 | GOSGSPDMc1 | |||
Gasoil M2 | GOSGSWMc2 | |||
Regrade M1 | JETREGSGMc1 | |||
Regrade M2 | JETREGSGMc2 | |||
Jet M1 | JETSGSWMc1 | |||
Jet M1/M2 | JETSGSPDMc1 | |||
Jet M2 | JETSGSWMc2 | |||
Gasoil 500ppm-Dubai Cracks M1 | GOSGCKMc1 | |||
Gasoil 500ppm-Dubai Cracks M2 | GOSGCKMc2 | |||
Jet Cracks M1 | JETSGCKMc1 | |||
Jet Cracks M2 | JETSGCKMc2 | |||
East-West M1 | LGOAEFSMc1 | |||
East-West M2 | LGOAEFSMc2 | |||
LGO M1 | LGOAMc1 | |||
LGO M1/M2 | LGOASPDMc1 | |||
LGO M2 | LGOAMc2 | |||
Crack LGO-Brent M1 | LGOACKMc1 | |||
Crack LGO-Brent M2 | LGOACKMc2 | |||
Reporting by Trixie Yap; Editing by Shreya Biswas
Últimas noticias
Descargo de responsabilidades: Cada una de las entidades de XM Group proporciona un servicio de solo ejecución y acceso a nuestra plataforma de trading online, permitiendo a una persona ver o usar el contenido disponible en o a través del sitio web, sin intención de cambiarlo ni ampliarlo. Dicho acceso y uso están sujetos en todo momento a: (i) Términos y Condiciones; (ii) Advertencias de riesgo; y (iii) Descargo completo de responsabilidades. Por lo tanto, dicho contenido se proporciona exclusivamente como información general. En particular, por favor tenga en cuenta que, los contenidos de nuestra plataforma de trading online no son ni solicitud ni una oferta para entrar a realizar transacciones en los mercados financieros. Operar en cualquier mercado financiero implica un nivel de riesgo significativo para su capital.
Todo el material publicado en nuestra plataforma de trading online tiene únicamente fines educativos/informativos y no contiene –y no debe considerarse que contenga– asesoramiento ni recomendaciones financieras, tributarias o de inversión, ni un registro de nuestros precios de trading, ni una oferta ni solicitud de transacción con instrumentos financieros ni promociones financieras no solicitadas.
Cualquier contenido de terceros, así como el contenido preparado por XM, como por ejemplo opiniones, noticias, investigaciones, análisis, precios, otras informaciones o enlaces a sitios de terceros que figuran en este sitio web se proporcionan “tal cual”, como comentarios generales del mercado y no constituyen un asesoramiento en materia de inversión. En la medida en que cualquier contenido se interprete como investigación de inversión, usted debe tener en cuenta y aceptar que dicho contenido no fue concebido ni elaborado de acuerdo con los requisitos legales diseñados para promover la independencia en materia de investigación de inversiones y, por tanto, se considera como una comunicación comercial en virtud de las leyes y regulaciones pertinentes. Por favor, asegúrese de haber leído y comprendido nuestro Aviso sobre investigación de inversión no independiente y advertencia de riesgo en relación con la información anterior, al que se puede acceder aquí.
