Asia diesel timespreads and margins fall; October premiums dip
Asia diesel markets softened Friday, with timespreads and refining margins giving back most weekly gains. October spot sales remained brisk, but cash premiums fell to a one-week low, with several deals reportedly done around $4/bbl premiums.
Asia's diesel markets weakened on Friday as timespreads and refining margins gave back most of the week's gains, while October spot sales remained brisk. Market focus is now on October refiner sales this week, with a handful of deals mostly concluded at premiums of $4 a barrel, about $3 higher.