Asia Naphtha/Gasoline — Naphtha prices ease; South Korean buyer surfaces
NEW DELHI, Oct 13 (Reuters) — Asia's naphtha prices paused their rally on Tuesday after the crude oil benchmark weakened but still traded above $1,000 per metric ton amid high freight costs. The crack declined by about $22 to $222 per ton over Brent crude. The price structure remained steeply backwardated at $21 a ton. In tenders, South Korean Hanwha TotalEnergies snapped up two cargoes of up to 25,000 tons each for second-half November delivery at a premium above $30 per ton to Japan quotes this week, market participants said. In the gasoline market, tight supplies and demand from key buyers like Indonesia kept the crack supported, traders said. East Asian sellers were looking to offer fuel cargoes loading in November, they added. News - Russia will be able to return diesel exports to levels above those US President Donald Trump has outlined under a deal with Moscow which has been criticised by Ukraine and some US lawmakers, Deputy Prime Minister Alexander Novak said on Monday. - Oil prices fell on Tuesday, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia. O/R Singapore Cash Deals O/AS One naphtha a
NEW DELHI, Oct 13 (Reuters) — Asia's naphtha prices paused their rally on Tuesday after the crude oil benchmark weakened but still traded above $1,000 per metric ton amid high freight costs. The crack declined by about $22 to $222 per ton over Brent crude. The price structure remained steeply backwardated at $21 a ton. In tenders, South Korean Hanwha TotalEnergies snapped up two cargoes of up to 25,000 tons each for second-half November delivery at a premium above $30 per ton to Japan quotes this week, market participants said.
In the gasoline market, tight supplies and demand from key buyers like Indonesia kept the crack supported, traders said. East Asian sellers were looking to offer fuel cargoes loading in November, they added. News - Russia will be able to return diesel exports to levels above those US President Donald Trump has outlined under a deal with Moscow which has been criticised by Ukraine and some US lawmakers, Deputy Prime Minister Alexander Novak said on Monday. - Oil prices fell on Tuesday, as traders assessed supply risks from attacks on Saudi Arabia while weighing the prospect of additional diesel supplies from Russia.
O/R Singapore Cash Deals O/AS One naphtha and one gasoline trades. 2 -18. 25 -18. 00 -22.
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