AGL 40.01 Increased By ▲ 0.01 (0.03%)
AIRLINK 131.00 Increased By ▲ 1.47 (1.13%)
BOP 6.90 Increased By ▲ 0.22 (3.29%)
CNERGY 4.57 Decreased By ▼ -0.06 (-1.3%)
DCL 8.85 Decreased By ▼ -0.09 (-1.01%)
DFML 42.60 Increased By ▲ 0.91 (2.18%)
DGKC 84.05 Increased By ▲ 0.28 (0.33%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.51 Increased By ▲ 2.04 (2.7%)
FFL 12.10 Increased By ▲ 0.63 (5.49%)
HUBC 110.19 Decreased By ▼ -0.36 (-0.33%)
HUMNL 14.40 Decreased By ▼ -0.16 (-1.1%)
KEL 5.55 Increased By ▲ 0.16 (2.97%)
KOSM 8.43 Increased By ▲ 0.03 (0.36%)
MLCF 39.32 Decreased By ▼ -0.47 (-1.18%)
NBP 63.80 Increased By ▲ 3.51 (5.82%)
OGDC 199.00 Decreased By ▼ -0.66 (-0.33%)
PAEL 26.42 Decreased By ▼ -0.23 (-0.86%)
PIBTL 7.69 Increased By ▲ 0.03 (0.39%)
PPL 159.89 Increased By ▲ 1.97 (1.25%)
PRL 26.40 Decreased By ▼ -0.33 (-1.23%)
PTC 18.53 Increased By ▲ 0.07 (0.38%)
SEARL 82.40 Decreased By ▼ -0.04 (-0.05%)
TELE 8.15 Decreased By ▼ -0.16 (-1.93%)
TOMCL 34.32 Decreased By ▼ -0.19 (-0.55%)
TPLP 8.99 Decreased By ▼ -0.07 (-0.77%)
TREET 16.94 Decreased By ▼ -0.53 (-3.03%)
TRG 59.18 Decreased By ▼ -2.14 (-3.49%)
UNITY 27.54 Increased By ▲ 0.11 (0.4%)
WTL 1.42 Increased By ▲ 0.04 (2.9%)
BR100 10,672 Increased By 265.1 (2.55%)
BR30 31,988 Increased By 274.3 (0.87%)
KSE100 99,087 Increased By 1758.5 (1.81%)
KSE30 30,892 Increased By 699.1 (2.32%)

Asia's naphtha crack was at a four-session low of $36.58 a tonne on Thursday, battered by weak gasoline fundamentals and rising oil prices. But demand for the fuel from the petrochemical sector was firm, with several buyers spanning from those in Singapore to Malaysia and South Korea seeking cargoes for second-half March delivery.
Trading sources said South Korea's KPIC could have paid a premium of slightly more than $7 a tonne to Japan quotes on a cost-and-freight (C&F) basis for naphtha scheduled for second-half March arrival at Onsan but this could not be directly confirmed. KPIC had on Jan. 28 bought the fuel for first-half March delivery at a premium of $2.50 to $3.50.
Its purchase this week came a day after Hanwha Total had paid similar price levels for naphtha scheduled for the same delivery period of second-half March but to Daesan. Singapore's PCS had also bought naphtha for second-half March delivery but details were not immediately clear. Malaysia's Titan and Taiwan's Formosa were also looking to replenish March stocks.
Asia's gasoline crack discount widened for the third straight session to reach 79 cents a barrel versus 63 cents in the previous session as the supply glut persisted. Singapore's onshore light distillates inventories, which comprise mostly gasoline and blending components for petrol, hit a new high of about 16.5 million barrels in the week to Wednesday, official data showed.
A medium-range vessel size gasoline cargo had arrived in Singapore from the United States, the data showed. The United States does not regularly export gasoline to Singapore due to the distance. Japan's gasoline stocks rose by 240,000 barrels to 10.73 million barrels in the week to Feb. 9, official data showed. Gasoline inventories in the United States were also higher last week.

Copyright Reuters, 2019

Comments

Comments are closed.