Asia Distillates Jet fuel cash premiums decline on demand concerns

  • 1/20/2022
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NEW DELHI, Jan 20 (Reuters) - Asia"s cash differentials for jet fuel dropped on Thursday, after a rise in Singapore inventories stoked demand worries. Cash premiums for jet declined to 78 cents per barrel to Singapore quotes, compared with 95 cents a barrel in the last session. Singapore inventories of middle distillates climbed 1.355 million barrels to a two-month high of 8.525 in the week to Jan. 19, data from Enterprise Singapore showed. The stockpiles had plunged 12% to an eight-year low of 7.170 million barrels last week. Cash premiums for 10 ppm gasoil edged higher to $1.10 a barrel to Singapore quotes, compared with $1.08 on Wednesday. SINGAPORE CASH DEALS O/AS - Two gasoil deals, one jet fuel trade. OTHER NEWS - Oil slipped as investors took profits after a recent rally, but strong demand and short-term supply disruptions continue to support prices close to their highest since 2014. read more ASSESSMENTS MID-DISTILLATES CASH ($/T) ASIA CLOSE Change % Change Prev Close RIC Spot Gas Oil 0.5% 99.42 -0.03 -0.03 99.45 GO 0.5 Diff -0.98 -0.02 2.08 -0.96 Spot Gas Oil 0.25% 99.84 0.09 0.09 99.75 GO 0.25 Diff -0.56 0.10 -15.15 -0.66 Spot Gas Oil 0.05% 100.10 0.04 0.04 100.06 GO 0.05 Diff -0.30 0.05 -14.29 -0.35 Spot Gas Oil 0.001% 101.50 0.01 0.01 101.49 GO 0.001 Diff 1.10 0.02 1.85 1.08 Spot Jet/Kero 98.02 -0.37 -0.38 98.39 Jet/Kero Diff 0.78 -0.17 -17.89 0.95 For a list of derivatives prices, including margins, please double click the RICs below. Brent M1 Gasoil M1 Gasoil M1/M2 Gasoil M2 Regrade M1 Regrade M2 Jet M1 Jet M1/M2 Jet M2 Gasoil 500ppm-Dubai Cracks M1 Gasoil 500ppm-Dubai Cracks M2 Jet Cracks M1 Jet Cracks M2 East-West M1 East-West M2 LGO M1 LGO M1/M2 LGO M2 Crack LGO-Brent M1 Crack LGO-Brent M2

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