Asia Naphtha/Gasoline-Gasoline crack hits two-week high
Sept 20 (Reuters) -Asia's gaosoline margins inched higher on a dull Friday, which witnessed just 50,000 barrels of the benchmark grade of octane exchanging hands.
The crack climbed higher to a two-week high of $6.76 per barrel above Brent crude from $6.73 on Thursday.
In the naphtha market, the crack dropped by $6.78 to more than a week's low of $97.70 per metric ton over Brent crude. The crack last hit $97.60 Sept. 11.
The market closed without any deals being concluded for the week.
NEWS
Oil prices eased on Friday, but were on track to register gains for a second straight week following a large cut in U.S. interest rates and declining global stockpiles. Brent futures LCOc1 were down 35 cents at $74.53 a barrel. U.S. WTI crude futures CLc1 were down 25 cents at $71.70. Still, both were up more than 4% on the week. O/R
INVENTORIES ARA/
Gasoline stocks at the Amsterdam-Rotterdam-Antwerp refining and storage hub rose by about 7.7% on the week ending Sept. 19 to 989,000 tons as exports and blending activity slowed, Insights Global's Lars van Wageningen said.
Naphtha stocks rose to 509,000 tons from prior week's 469,000 ton, the data showed.
SINGAPORE CASH DEALS O/AS
One gasoline deal and no naphtha trade.
PRICES
CASH | ASIA CLOSE | Change | Prev Close | RIC |
OSN Naphtha CFR Japan M1 ($/mt) | 656.00 | -7.00 | 663.00 | NAF-1H-TYO |
OSN Naphtha CFR Japan M2 ($/mt) | 651.50 | -7.00 | 658.50 | NAF-2H-TYO |
OSN Naphtha Diff ($/mt) | 4.50 | 0.00 | 4.50 | NAF-TYO-DIF |
Naphtha Netback FOB Sing ($/bbl) | 70.89 | -0.73 | 71.62 | NAF-SIN |
Naphtha Diff FOB Sing | 0.40 | 0.00 | 0.40 | NAF-SIN-DIF |
Naphtha-Brent Crack ($/mt) | 97.70 | -6.78 | 104.48 | NAF-SIN-CRK |
Gasoline 97 ($/bbl) | 86.14 | 0.00 | 86.14 | GL97-SIN |
Gasoline 95 ($/bbl) | 85.80 | 0.00 | 85.80 | GL95-SIN |
Gasoline 92 ($/bbl) | 81.20 | 0.00 | 81.20 | GL92-SIN |
Gasoline crack ($/bbl) | 6.76 | 0.03 | 6.73 | GL92-SIN-CRK |
For a list of derivatives prices, including margins, please double click the RICs below. | ||||
Brent 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 | |||
*Sing refers to Singapore | ||||
Reporting by Haridas; Editing by Mrigank Dhaniwala
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