AGL 40.10 Decreased By ▼ -0.90 (-2.2%)
AIRLINK 127.80 Decreased By ▼ -0.34 (-0.27%)
BOP 6.60 Decreased By ▼ -0.10 (-1.49%)
CNERGY 4.60 Increased By ▲ 0.08 (1.77%)
DCL 8.58 Decreased By ▼ -0.03 (-0.35%)
DFML 41.40 Increased By ▲ 0.31 (0.75%)
DGKC 86.50 Decreased By ▼ -0.63 (-0.72%)
FCCL 32.13 Decreased By ▼ -1.26 (-3.77%)
FFBL 65.40 Decreased By ▼ -0.01 (-0.02%)
FFL 10.27 Decreased By ▼ -0.20 (-1.91%)
HUBC 110.60 Decreased By ▼ -0.03 (-0.03%)
HUMNL 14.70 Decreased By ▼ -0.60 (-3.92%)
KEL 5.15 Increased By ▲ 0.17 (3.41%)
KOSM 7.15 Decreased By ▼ -0.28 (-3.77%)
MLCF 41.69 Decreased By ▼ -1.30 (-3.02%)
NBP 60.20 Decreased By ▼ -0.22 (-0.36%)
OGDC 194.48 Decreased By ▼ -3.16 (-1.6%)
PAEL 27.95 Decreased By ▼ -1.06 (-3.65%)
PIBTL 7.98 Decreased By ▼ -0.28 (-3.39%)
PPL 150.52 Decreased By ▼ -3.64 (-2.36%)
PRL 27.08 Increased By ▲ 2.08 (8.32%)
PTC 16.08 Decreased By ▼ -0.01 (-0.06%)
SEARL 78.20 Decreased By ▼ -0.25 (-0.32%)
TELE 7.42 Increased By ▲ 0.05 (0.68%)
TOMCL 35.70 Decreased By ▼ -0.39 (-1.08%)
TPLP 7.90 Decreased By ▼ -0.17 (-2.11%)
TREET 15.87 Decreased By ▼ -0.09 (-0.56%)
TRG 52.70 Decreased By ▼ -0.66 (-1.24%)
UNITY 26.65 Decreased By ▼ -0.06 (-0.22%)
WTL 1.28 Increased By ▲ 0.01 (0.79%)
BR100 9,920 Decreased By -52.1 (-0.52%)
BR30 30,751 Decreased By -346.3 (-1.11%)
KSE100 93,225 Decreased By -423.8 (-0.45%)
KSE30 28,885 Decreased By -132.9 (-0.46%)

Asia's naphtha crack tumbled 10.5 percent to hit a three-month low of $92.03 a tonne on Thursday on ample supplies despite ongoing demand. South Korea's YNCC bought an average of 75,000 tonnes of naphtha for delivery to Yeosu in the second half of February at premiums of about $8 a tonne or slightly higher to Japan quotes cost and freight (C&F). This was the lowest premium YNCC has paid since October 24, when it bought the fuel for delivery in the first half of December.
Taiwan's Formosa has an outstanding tender, due to be awarded on Friday, to buy naphtha for delivery to Mailiao in the second half of February. Traders said Formosa has mostly wrapped up discussions and was expected to pay a premium of about $6 a tonne to its own price formula for the cargoes. This would be the lowest premium it has paid since the end of October, when it bought up to 150,000 tonnes for December 11-25 arrival at Mailiao.
Formosa will resume the use of alternative liquefied petroleum gas (LPG) feedstock to replace a small portion of naphtha after it stopped using the fuel for more than three months because of high prices. Asia's gasoline crack eased by 2 percent to a two-session low of $7.92 a barrel on higher supplies. Singapore's onshore light distillates stocks, which comprise mostly gasoline, edged up 0.55 percent, or 76,000 barrels, to a five-week high of 14 million barrels in the week ended Wednesday.
Some 66,000 tonnes of gasoline came to Singapore from Norway and the United Kingdom in the week ended January 10, the data showed.

Copyright Reuters, 2018

Comments

Comments are closed.