NEW DELHI, Aug 1 (Reuters) - Asia's naphtha refining profit margin gained on Friday after underlying prices fell in tandem with weakness in crude oil benchmarks and as window activity remained thin.
The crack traded at $66.63 per metric ton over Brent crude, compared with $63.90 a day earlier.
In gasoline market, a flurry of trades at the window for the benchmark-grade of the fuel lifted market sentiment. The refining profit margin was steady at $7.95 per barrel over Brent crude on Friday.
Meanwhile, gasoline stocks at Amsterdam-Rotterdam-Antwerp $(ARA)$ refining and storage hub declined to 1.169 million ton in the week to July 31, Insights Global data showed. ARA/
Naphtha inventories were steady at 587,000 tons, the data showed.
NEWS
- Exxon Mobil beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas production helped the top U.S. oil producer overcome lower crude prices.
SINGAPORE CASH DEALS O/AS
Four gasoline deals.
PRICES
CASH | ASIA CLOSE | Change | Prev Close | RIC |
OSN Naphtha CFR Japan M1 ($/mt) | 605.50 | -8.00 | 613.50 | NAF-1H-TYO |
OSN Naphtha CFR Japan M2 ($/mt) | 603.25 | -6.75 | 610.00 | NAF-2H-TYO |
OSN Naphtha Diff ($/mt) | 2.25 | -1.25 | 3.50 | NAF-TYO-DIF |
Naphtha Netback FOB Sing ($/bbl) | 65.28 | -0.89 | 66.17 | NAF-SIN |
Naphtha-Brent Crack ($/mt) | 66.63 | 2.73 | 63.90 | NAF-SIN-CRK |
Gasoline 97 ($/bbl) | 82.00 | -1.40 | 83.40 | GL97-SIN |
Gasoline 95 ($/bbl) | 81.50 | -1.40 | 82.90 | GL95-SIN |
Gasoline 92 ($/bbl) | 79.80 | -1.40 | 81.20 | GL92-SIN |
Gasoline crack ($/bbl) | 7.95 | 0.03 | 7.92 | GL92-SIN-CRK |
For a list of derivatives prices, including margins, please double click the RICs below. | ||||
Brent M1 | BRENTSGMc1 | |||
Naphtha CFR Japan M1 | NACFRJPSWMc1 | |||
Naphtha CFR Japan M1/M2 | NACFRJPSDMc1 | |||
Naphtha CFR Japan M2 | NACFRJPSWMc2 | |||
Naphtha Japan-Sing Netback M1 | NAPTC4SPDMc1 | |||
Naphtha Japan-Sing Netback M2 | NAPTC4SPDMc2 | |||
Naphtha FOB Sing M1 | NAFOBSGSWMc1 | |||
Naphtha FOB Sing M1/M2 | NAFOBSGSDMc1 | |||
Naphtha FOB Sing M2 | NAFOBSGSWMc2 | |||
Naphtha Cracks M1 | NACFRJPCKMc1 | |||
East-West Naphtha M1 | NAPJPEWMc1 | |||
East-West Naphtha M2 | NAPJPEWMc2 | |||
NEW Naphtha M1 | NAPCNWEAMc1 | |||
NEW Naphtha M1/M2 | NAPCNWEASMc1 | |||
NEW Naphtha M2 | NAPCNWEAMc2 | |||
Crack NEW Naphtha-Brent M1 | NAPCNWEACMc1 | |||
Crack NEW Naphtha-Brent M2 | NAPCNWEACMc2 | |||
*Sing refers to Singapore | ||||
(Reporting by Mohi Narayan; Editing by Shailesh Kuber)
((Mohi.Narayan@thomsonreuters.com; https://twitter.com/_mohi_;))
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