Europe Gasoline/Naphtha-Gasoline margins slump as ARA stocks hit record high

Reuters
01-10

LONDON, Jan 9 (Reuters) - Northwest European gasoline refining profit margins fell by over $1 to $5.39 a barrel on Thursday, marking the lowest level in over a month, as independently held ARA inventories reached all-time highs.

* About 2,000 metric tons of Eurobob E5 barges traded. Shell sold to Gunvor.

* A further 4,000 tons of E10 gasoline traded. TotalEnergies sold to Varo.

* In the Platts window, BP offered a cif Thames gasoline cargo at $744 per metric ton, though no trades were agreed as buyers were not forthcoming.

* In the Platts Mediterranean gasoline window, Trafigura offered a cargo, while BP and Vitol sought cargoes. No trades were reported.

* ARA gasoline stocks rose by 8.5% on the week to 1.53 million tons, marking the highest level on record.

* Weaker exports helped prop up gasoline stocks, as shipments on the transatlantic route to the U.S. slowed, Insight Global's Lars van Wageningen said.

* New shipping fixtures appeared this week for transatlantic and African destinations, which could point to rising exports in the coming weeks, Lars van Wageningen said.

* EU-27 and UK gasoline exports reached 912,000 barrels per day in December, Kpler data showed, down from 1.17 million bpd in November.

Trade Bid Offer Prev. Seller Buyer

Ebob Barges

MOC Platts

E5

(fob ARA)

<EUROBOB-AR

A>

Ebob Barges

E10 Platts

(fob ARA)

Ebob Barges $694.75 $700-$7 Shell Gunvor

Argus E5 (2KT) 03

(fob AR)

Ebob Barges $692.75 $700.75 TotalEn Varo

E10 Argus (4KT) -$703.2 ergies

(fob AR) 5

Feb. swap $705.25 $705.50

(fob ARA)

Premium

Unleaded

(fob ARA)

<PU-10PP-AR

A>

Cargoes Fob Fob

(fob MED) Med - Med +

$1 $1.50

Cargoes $744

(cif NWE) flat

price

Naphtha Jan - Jan - Jan -

(cif NWE) $5 $3 $2

Ebob crack (per barrel) $5.71 Prev. $7.39

Brent futures

Rbob

Rbob crack

(Reporting by Enes Tunagur;Editing by Elaine Hardcastle)

((Enes.Tunagur@thomsonreuters.com;))

免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。

热议股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10