News Search

News Search

Search Period

  1.  / 
  2.  / 
  3.    
  4.  / 
  5.  / 
  6.    

Weekly Summary

Products: Oct 5-9: North Asia gasoline prem goes up amid increasing Indonesia imports

GASOLINE

In Northeast Asia, the differential for MR-size cargoes of 92RON gasoline went up. Increasing demand pushed up the market. Imports in Indonesia, the largest buyer of the fuel in Asia, tended to increase. The volumes of term cargoes taken by state-owned Pertamina were likely to reach 9.00-10.00 mil barrels each in September and October. The level was almost the same volume as that in the usual month before the COVID-19 outbreak.

 

NAPHTHA

In the Northeast Asia basis was went up. In Japan, "Go To Travel" campaign by the government reinforced consumption of gasoline and demand of open-spec naphtha including heavy grade as the feedstock was recovering. As well, prices for toluene as constructional materials as solvent were rebounding, and purchases of naphtha as stuff for aromatics were increasing.

 

MIDDLE DISTILLATES

The differentials for MR-size cargoes of Jet fuel went up with tight supply/demand fundamentals. Amid production cuts at refineries in each country, flight demand was gradually recovering. In Japan, a government campaign called "Go To Travel" was being conducted, and a part of flight fees was given to consumers. As more people in the country were expected to use the campaign in October onwards, demand of jet fuel in the country would increase.

 

FUEL OIL

The differential for MR-size cargoes of 3.5% sulfur fuel oil on an FOB South Korea basis was unchanged. GS Caltex in South Korea seemed to be increasing sales of residue desulfurization (RDS) bottom at relatively low prices. In Singapore where is the hub of Asian markets, prices for 180cst and 380cst were slightly waning on the back of peaking out seasonal demand for power generation from the Middle East. Instead, an Asian oil company said that the demand from South Asia was still firm and prices for high sulfur fuel oil would not fall significantly.

 

Asia-products(Japanese) report sample

Products (English) report sample

Tokyo : Products Team  Satoko Waki   +81-3-3552-2411Copyright © RIM Intelligence Co. ALL RIGHTS RESERVED.