Asia Distillates — Diesel markets give back gains; jet fuel firms slightly
SINGAPORE, Sept 24 (Reuters) — Asia's diesel markets gave back some of the previous session's gains, with timespreads and cash premiums easing back to levels seen two sessions earlier, while jet fuel cash premiums climbed to a one-week high. Some October discussions were still ongoing for Northeast Asian barrels, with talks at small premiums linked to free on board Singapore prices. Meanwhile, freight costs on the east-west route have surged, with some shipowners offering more than $9 million to sellers shipping 90,000 metric tons of refined fuels on the India-UK route. The east-west price spread, however, narrowed slightly back to discounts of $180-190 per metric ton. Refining margins closed the trading session at slightly more than $74 a barrel, hitting a two-session low. Cash differentials eased back to around $3.3 a barrel, against a backdrop of limited spot window discussions. For jet fuel, offers also emerged from China's exporters for October cargoes, with other Northeast Asian barrels being discussed at slight discounts. MDIS/TENDA Jet spot cash premiums inched up to a one-week high. Regrade narrowed slightly to hover at discounts of $3-4 a barrel. Singapore Cash Deals O/AS
SINGAPORE, Sept 24 (Reuters) — Asia's diesel markets gave back some of the previous session's gains, with timespreads and cash premiums easing back to levels seen two sessions earlier, while jet fuel cash premiums climbed to a one-week high. Some October discussions were still ongoing for Northeast Asian barrels, with talks at small premiums linked to free on board Singapore prices. Meanwhile, freight costs on the east-west route have surged, with some shipowners offering more than $9 million to sellers shipping 90,000 metric tons of refined fuels on the India-UK route. The east-west price spread, however, narrowed slightly back to discounts of $180-190 per metric ton.
Refining margins closed the trading session at slightly more than $74 a barrel, hitting a two-session low. 3 a barrel, against a backdrop of limited spot window discussions. For jet fuel, offers also emerged from China's exporters for October cargoes, with other Northeast Asian barrels being discussed at slight discounts. MDIS/TENDA Jet spot cash premiums inched up to a one-week high.
Regrade narrowed slightly to hover at discounts of $3-4 a barrel. Singapore Cash Deals O/AS - No deal for both gasoil and jet fuel Inventories - US crude stocks rose last week while fuel inventories fell following a drop in refining activity in the Midwest, the Energy Information Administration said on Wednesday. EIA/S - Oil product inventories in Asia's fuel trading hub of Singapore fell to a three-week low, government data showed on Thursday, with stocks retreating across the barrel week-on-week. S.
S. ban on diesel exports would not work and could push up gasoline and jet fuel prices, a stance at odds with President Donald Trump, who is backing the idea. - A White House official on Wednesday denied a news report that said the US is preparing a 90-day ban of diesel exports in an attempt to control record prices for fuel widely used by farms, trains and trucks. S.
ultra-low-sulfur diesel futures HOc1 fell 4% on Wednesday after Politico reported that the White House is preparing a plan to ban diesel exports for 90 days, which the Trump administration denied. - China will raise retail gasoline and diesel prices following gains in global oil prices but cap the increases to cushion the impact on the domestic market, the National Development and Reform Commission said on Thursday. 52 For a list of derivatives prices, including margins, please double click the RICs below. com;)