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Code Mid
Change Code Mid
Change
Code Mid
Change
Singapore
FOB Singapore ($/barrel) MOPS strip
Premium/Discount
FOB Arab Gulf ($/barrel)
Premium/Discount
PAAAA00 508.48508.98 508.730 -19.290
Naphtha ($/mt)
Naphtha LR2 ($/mt)
AAIDA00 512.02512.52 512.270 -18.050
Gasoline 95 unleaded
AAICY00 70.4770.51 70.490 -2.310
Gasoline 95 unleaded CFR
PJAAA00 78.3578.39 78.370 -2.120
Kerosene
Kerosene LR2
AAKNZ00 78.4878.52 78.500 -2.040
Gasoil 0.005% sulfur
AASGJ00 77.2677.30 77.280 -2.240
Gasoil 0.05% sulfur
AAFEZ00 76.5676.60 76.580 -2.240
Gasoil 0.25% sulfur
AACUA00 75.9676.00 75.980 -2.240
Gasoil
POAAT00 76.5676.60 76.580 -2.240
Gasoil LR2
AAKBT00 76.7076.74 76.720 -2.150
HSFO 180 CST ($/mt)
PUABE00 346.71346.75 346.730 -15.700
HSFO 380 CST ($/mt)
AAIDC00 345.43345.47 345.450 -14.530
HSFO 180/380 spread ($/mt) PPXDM00 -1.30/-1.26 -1.280 +1.170
*premium to MOPAG Gasoil during loading.
AAPKH00 -0.50/0.00
-0.250 0.000
AAWUJ00 3.85/3.89
AAWUK00 4.88/4.92
PJACV00 1.26/1.30
3.870 -0.050
4.900
1.280 0.000
AASGK00* 2.08/2.12
AAFFD00* 1.38/1.42
AACUC00* 0.78/0.82
POAID00* 1.38/1.42
2.100
1.400
0.800
1.400
AAXJA00 9.50/10.00
AAXJB00 9.50/10.00
9.750 +0.250
9.750 +0.250
0.000
0.000
0.000
0.000
Subscriber notes
december 9, 2014
Asia products
Code Mid
Change Code Mid
Change
Code Mid
Change
Singapore paper
Balance December* ($/barrel) January ($/barrel) February ($/barrel)
Naphtha Japan ($/mt)
Naphtha
AAPLD00 58.0358.07
58.050
-2.050
Gasoline 92 unleaded
AAXEK00 71.3871.42
71.400
-2.050
Reforming Spread
AAXEN00 13.33/13.37
13.350
0.000
Kerosene
AAPLE00 80.6580.69
80.670
-2.080
Gasoil
AAPLF00 79.2579.29
79.270
-2.170
HSFO 180 CST ($/mt)
AAPML00 364.98365.02 365.000
-15.750
HSFO 380 CST ($/mt)
AAPKB00 362.08362.12 362.100
-15.400
Gasoil EFS ($/mt)
AAQTX00
-3.190
+1.330
PAAAQ00 58.0858.12
AAXEL00 71.5871.62
AAXEO00 13.48/13.52
PJABS00 80.7180.75
POAFC00 79.3579.39
PUAXZ00 362.98363.02
AAPKC00 357.73357.77
AAQTY00
58.100
-2.000
71.600
-2.000
13.500
0.000
80.730
-2.030
79.370
-2.100
363.000
-13.500
357.750
-13.000
-2.940
+0.360
*Balance month swaps are assessed from the 1st to the 15th of the month, and to the 14th of February; **Interim Gasoil swaps published ahead of the change in specification of FOB Singapore Gasoil January 2, 2013.
Gasoline components
FOB Singapore ($/mt)
MTBE
PHALF00 734.00736.00
Gasoline
735.000
-24.000
Singapore demurrage
$/day
Demurrage Clean
Demurrage Dirty
AALPY00 17000.000
0.000
AALQA00 25000.000
+250.000
FOB Indonesia ($/barrel)
Premium/Discount
LSWR Mixed/Cracked
LSWR
PPAPU00 62.2062.24
AAUGR00 60.0060.04
62.220
-2.250
60.020
-2.250
AAHXR00 8.65/8.69
AAWTX00 4.83/4.87
8.670
-0.070
4.850
0.000
(PGA page 2006)
C+F Japan ($/mt)
Premium/Discount
Naphtha
Nph 2nd 1/2 Jan
Nph 1st 1/2 Feb
Nph 2nd 1/2 Feb
Naphtha MOPJ Strip
PAAAD00 543.25543.75
PAAAE00 543.50544.00
PAAAF00 543.25543.75
PAAAG00 543.25543.75
AAXFH00 547.75548.25
543.500
-18.500
543.750
-18.500
543.500
-18.500
543.500
-18.500
548.000
-17.500
PAADI00 -1.25/-0.75
-1.000
-0.500
AAXFI00 -4.75/-4.25
-4.500
-1.000
C+F Japan ($/barrel)
Premium/Discount
Gasoline 91-92 unleaded
Gasoline 95 unleaded
Kerosene
Gasoil
HSFO 180 CST ($/mt)
PGACW00 73.5273.56
PGAQQ00 75.5575.59
PJAAN00 82.6782.71
POABF00 82.7582.79
PUACJ00 385.27385.31
73.540
-2.350
75.570
-2.330
82.690
-2.050
82.770
-2.250
385.290
-16.030
PAADK00 1.97/2.01
AAWVG00 2.10/2.14
1.990
0.000
2.120
-0.060
FOB Okinawa ($/barrel)
Premium/Discount
Gasoil
POAIW00 78.3978.43
78.410
-2.140
POAIY00 -0.92/-0.88
-0.900
0.000
(PGA page 2008)
C+F Korea ($/mt)
Premium/Discount
Naphtha
PAADE00 540.25540.75
540.500
-19.000
PAADG00 -3.25/-2.75
-3.000
-0.500
Asia products
Code
Mid Change
Code
Mid Change
(PGA page 2008)
FOB Korea ($/barrel) Premium/Discount
PGAQO00 73.1373.17 73.150
-2.300
Gasoline 95 unleaded
Jet
PJADG00 80.9881.02 81.000
-2.050
PJADI00 0.28/0.32
Gasoil
POAIE00 78.3478.38 78.360
-2.140
POAIG00 -0.97/-0.93
HSFO 180 CST 3.5% ($/mt)
PUBDP00 370.34370.38 370.360
-14.860
PUBDR00 6.00/6.50
HSFO 380 CST 3.5% sulfur ($/mt) PUBDY00 369.06369.10 369.080
-13.690
PUBEA00 6.00/6.50
Mean of Platts West India netbacks
0.300
0.000
-0.950
0.000
6.250
0.000
6.250
0.000
Freight netbacks
76.040
-2.380
78.070
-2.360
85.970
-2.130
86.420
-2.260
AG-Spore
Spore-Japan AG-Japan
Spore-Australia
AAPOF00 18.88
AAPOG00 34.77*
Naphtha
AAPOH00 31.23*
Naphtha-LR2
AAPOC00 2.86 AAPOD00 2.22
AAPOE00 4.72
Gasoline
AAPOI00 2.53 AAPOJ00 5.07
Kerosene
AAPOK00 2.40
Kerosene-LR2
AAPOL00 2.69 AAPOM00 5.38
Gasoil
AAPON00 2.55
Gasoil-LR-2
AAPOO00 20.85* AAPOP00 17.71*
HSFO 180 CST
AAPOQ00 20.85*
HSFO 380 CST
All values in $/barrel, except * values in $/mt
March 2011 that the 92 RON retail price has been set
below Dong 20,000/liter. In tender news, Tanzanias
Petroleum Importation Coordinator has issued a tender
seeking two 30,000 mt parcels of 92 RON gasoline
for delivery over February 7-9 and 23-25 into Dar es
Salaam that closes December 16. PIC last bought
via tender 61,000 mt of 93 RON gasoline for January
delivery into Dar es Salaam.
FOB India ($/mt) FOB India ($/barrel)
AAQWK00 516.950
-18.500
AAQWJ00 57.440
-2.050
Naphtha
Gasoline (92 RON)
AARBQ00 590.470
-19.810
AARBP00 69.470
-2.330
Gasoline (95 RON)
AAQWI00 600.390
-19.400
AAQWH00 71.480
-2.310
Jet kero
AAQWM00 623.360
-16.350
AAQWL00 78.910
-2.070
Gasoil (10ppm)
AAQWO00 601.770
-16.770
AAQWN00 78.970
-2.200
Gasoil (500ppm)
AAQWQ00 574.810
-16.240
AAQWP00 77.160
-2.180
Gasoil (2500ppm)
AAQWS00 571.010
-16.170
AAQWR00
76.650
-2.170
C+F Australia ($/barrel)
AACZF00 76.0276.06
Gasoline 92
Gasoline 95
AACZH00 78.0578.09
Jet
AAFIY00 85.9585.99
Gasoil 10ppm
AAQUD00 86.4086.44
december 9, 2014
South China ($/mt) Premium/Discount to MOPS ($/barrel)
AAICU00 602.00606.00 604.000
-20.000
Gasoline 90 unleaded
Gasoline 93 unleaded
AAICW00 614.50618.50 616.500
-19.750
Jet/kero
PJABQ00 648.75652.75 650.750
-16.500
AAWTW00 1.66/1.70
1.680 -0.040
Gasoil
POAFA00 592.75596.75 594.750
-15.750
AABJZ00 0.49/0.53
0.510 0.000
Gasoil 0.2%
AALEK00 589.25593.25 591.250
-15.750
Hong Kong bunker grades ($/mt)
PUACC00 384.50385.50 385.000
-14.000
HSFO 180 CST
HSFO 380 CST
PUAER00 381.50382.50 382.000
-14.000
*C+F Hong Kong, $/barrel premium/discount to Mean of Platts Singapore.
AAWFX00 119.8700
-1.3600
AAWFU00 1.2353
+0.0095
AAWFV00 1.5679
+0.0115
AAWFZ00 1.3190
-0.0050
AAWGA00 3.4830
-0.0120
AAWFY00 7.7525
+0.0015
AAWFT00 0.8266
-0.0010
AAWFW00 6.1231
-0.0051
december 9, 2014
Naphtha
december 9, 2014
Code
Mid Change
Code
FOB (Italy)
Jet
Market analysis: (PGA page 2499) Market participants
continued to stay on sidelines awaiting for a clearer
picture on the Asian jet fuel/kerosene market Tuesday.
Many are expecting to see a surge in demand for
kerosene from Japan over the next few weeks as winter
has set in in the country. It seems that the cold has
hit japan [this week], a Singapore-based trader said.
This weeks Petroleum Association of Japan data on
Japaneses kerosene stocks will be watched closely to
see if demand has spiked, traders added. I am not
sure if the PAJ data will show lower kerosene stocks this
week ... maybe more likely next week, the Singaporebased trader added. Meanwhile, jet fuel/kerosene flows
from North Asia to the US eased in December from
October and November, said traders. The flows to the
US earlier created some support for the market which
has eased now, they added. For October-November
there were large flows, a Singapore-based trader said.
Much of the arbitraged flow moved to the US Gulf Coast,
sources said. Reflecting weakness, the FOB Singapore
jet fuel/kerosene cash differential fell for the fourth
straight trading session by 5 cents/b from the previous
close to 22 cents/b. This was the lowest the cash
differential has been since November 4, when it stood
at 15 cents/b, data showed. In tenders, Tanzanias PIC
issued a spot buy tender for 15,065 mt of jet fuel and
1,150 mt of kerosene for delivery into Dar es Salaam
over February 17-19. The tender closes December 16
with validity expiring 15 days later. PIC last bought via
tender 21,526 mt of jet fuel and 725 mt of kerosene for
January 17-19 delivery into Dar es Salaam at a premium
of $47.70/mt to MOPAG jet fuel/kerosene assessments
Mid Change
Mediterranean
Prem Unl 10ppm
Naphtha
Jet aviation fuel
Gasoil 0.1%
10ppm ULSD
1%
3.5%
AAWZA00 607.25607.75
PAAAI00 480.00480.50
AAIDL00 639.25639.75
AAVJI00 586.75587.25
AAWYY00 604.00604.50
PUAAK00 350.50351.00
PUAAZ00 332.75333.25
607.500
+4.000
480.250
+5.500
639.500
+3.750
587.000
+2.500
604.250
+3.000
350.750
+0.750
333.000
+3.250
CIF (Genova/Lavera)
CIF (Basis ARA)
AAXFQ00 604.75605.25 605.000
+4.500
Gasoline 10ppm
Naphtha Swap
PAAAJ00 520.50521.00 520.750
+2.250
Naphtha Phy
PAAAL00 516.50517.00 516.750
+5.500
Jet
PJAAU00 670.50671.00 670.750
+3.750
Ultra low sulfur diesel 10ppm AAVBG00 619.00619.50 619.250
+3.250
Gasoil 0.1%
AAYWS00 609.50610.00 609.750
+2.500
Diesel 10ppm NWE
AAWZC00 622.75623.25 623.000
+3.250
Diesel 10 PPM UK
AAVBH00 625.00625.50 625.250
+3.250
1%
PUAAL00 357.00357.50 357.250
+1.250
3.5%
PUABA00 334.50335.00 334.750
+4.250
0.5-0.7% straight run
Low sulfur VGO
AAHMZ00 462.50463.50 463.000
+7.500
High sulfur VGO
AAHND00 453.50454.50 454.000
+7.000
FOB NWE
FOB Rotterdam
Eurobob
Unleaded 98
Premium Unleaded
Reformate
MTBE*
Naphtha Phy
Jet
Gasoil 50 ppm
Gasoil 0.1%
10 ppm
1%
3.5%
Fuel Oil 3.5% 500 CST
Low sulfur VGO
High sulfur VGO
AAQZV00 587.75588.25
AAKOD00 652.75653.25
PGABM00 606.75607.25
AAXPM00
PHALA00 805.75806.25
PAAAM00 512.50513.00
PJABA00 664.75665.25
AAUQC00 608.75609.25
AAYWT00 601.75602.25
AAJUS00 620.00620.50
PUAAP00 347.75348.25
PUABC00 340.50341.00
PUAGN00 328.50329.00
AAHNF00 458.00459.00
AAHNI00 445.50446.50
588.000
+4.500
653.000
+4.500
607.000
+8.250
628.000
+4.500
806.000
+21.000
512.750
+5.500
665.000
+4.000
609.000
+4.250
602.000
+3.500
620.250
+6.000
348.000
+1.750
340.750
+4.250
328.750
+4.250
458.500
+11.000
446.000
+7.000
Rotterdam bunker
380 CST
PUAFN00 344.00345.00
344.500
+1.000
december 9, 2014
US products (/gal)
US West Coast pipeline
Code Mid
Change
Los Angeles San Francisco
AAUHA00 161.16161.26 161.210 -1.650
Unleaded 84
Unleaded 84
PGADG00 153.91154.01 153.960 -1.900
Premium 88.5
PGABG00 181.16181.26 181.210 -1.650
PGABO00 173.91174.01 173.960 -1.900
CARBOB
AAKYJ00 162.16162.26 162.210 -1.650
AAKYN00 154.91155.01 154.960 -1.900
CARBOB PREM
AAKYL00 170.16170.26 170.210 -1.650
AAKYP00 162.91163.01 162.960 -1.900
Jet
PJAAP00 200.30200.40 200.350 +2.800
PJABC00 200.30200.40 200.350 +2.800
ULS (EPA) Diesel
POAET00 198.55198.65 198.600 +4.300
POAEY00 198.30198.40 198.350 +2.800
CARB diesel
POAAK00 199.55199.65 199.600 +4.300
POAAL00 199.30199.40 199.350 +2.800
Seattle
Portland
AAXJE00 151.26151.36 151.310 +0.100
AAXJC00 152.41152.51 152.460 +0.100
Unleaded 84
Premium 90
AAXJF00 171.26171.36 171.310 +0.100
AAXJD00 172.41172.51 172.460 +0.100
Jet
PJABB00 200.30200.40 200.350 +2.800
ULS (EPA) Diesel
AAUEX00 199.15199.25 199.200 +1.300
AAUEY00 200.30200.40 200.350 +1.300
180 CST
PUAWT00 479.45479.55 479.500 -10.000
PUAWV00 537.95538.05 538.000 +0.500
380 CST
PUAWZ00 414.45414.55 414.500 -10.000
PUAXB00 502.95503.05 503.000 +0.500
Phoenix
AADDP00 163.91164.01 163.960 +1.100
RBOB unleaded 84
RBOB premium 89.5
PPXDJ00 171.91172.01 171.960 +1.100
Differential to NYMEX
CARBOB
CARBOB paper 1st month*
CARBOB paper 2nd month*
Jet Fuel
ULS (EPA) Diesel
CARB Diesel
ASIA-PACIFIC/ARAB GULF
MARKETSCAN
Editorial: Dave Ernsberger, Tel +44 20 7176 6116, Global Oil Director; Jonty Rushforth, Tel +65-6530-6581, Editorial Director, Asia & Middle East Oil Markets.
Client services information: North America: 800-PLATTS8 (800-752-8878); direct: +1 212-904-3070 Europe & Middle East: +44-20-7176-6111 Asian Pacific:
+65-6530-6430 Latin America: +54-11-4121-4810, E-mail: support@platts.com
Copyright 2014 McGraw Hill Financial. All rights reserved. No portion of this publication may be photocopied, reproduced, retransmitted, put into a computer
system or otherwise redistributed without prior written authorization from Platts. Platts is a trademark of McGraw Hill Financial. Information has been obtained
from sources believed reliable. However, because of the possibility of human or mechanical error by sources, McGraw Hill Financial or others, McGraw Hill Financial
does not guarantee the accuracy, adequacy or completeness of any such information and is not responsible for any errors or omissions or for results obtained
from use of such information. See back of publication invoice for complete terms and conditions.
december 9, 2014
Mid Change
Code
Mid Change
Code
Condensate
Mid Change
Code
(London close)
Mid
Change
Diff to Dubai Diff to Asian Dated Brent
NW Shelf
61.9
PCAGX00 62.1562.19 62.170
-1.920 AAPAI00 -3.60
0.000
Ras Gas
57.0
AAPET00 62.9162.95 62.930
-2.780
AAPEU00 -1.05/-0.95 -1.000 0.000
AARAZ00 -2.840
-0.170
Qatar LSC
56.9
AARBB00 61.9161.95 61.930
-2.780
AARBD00 -2.05/-1.95 -2.000 0.000
AARBC00 -3.840
-0.170
South Pars
57.4
AARAV00 59.9159.95 59.930
-2.780
AARAX00 -4.05/-3.95 -4.000 0.000
AARAW00 -5.840
-0.170
Senipah
54.4
AAEOE00 64.7564.79 64.770
-1.920
AAEOK00
Diff to ICP
0.75/0.85
0.800
0.000
AAPBE00 -1.000
0.000
Light crude
Diff to ICP Diff to Asian Dated Brent
Cossack
47.7
PCAGZ00 64.1564.19 64.170
-1.920 AAPAC00 -1.600
0.000
Gippsland 48.7 PCACP00 62.9062.94 62.920 -1.920 AAPAU00 -2.850
0.000
Tapis
45.2
PCACB00 68.6568.69 68.670
-1.920 AAOZW00 2.900
0.000
Belida
45.1
PCAFL00 63.5463.58 63.560
-2.070
PCAFM00
0.65/0.75
0.700
0.000
AAPBQ00 -2.210
-0.150
Kutubu
44.3
PCAFJ00 64.2064.24 64.220
-1.920 AAPAE00 -1.550
0.000
Handil Mix
43.9
PCABE00 63.0963.13 63.110
-2.070
PCABF00
1.10/1.20
1.150
0.000
AAPBI00 -2.660
-0.150
Attaka
42.3
PCAAJ00 63.4463.48 63.460
-2.070
PCAAK00
0.45/0.55
0.500
0.000
AAPBC00 -2.310
-0.150
Ardjuna
38.0
PCACQ00 60.5460.58 60.560
-2.070
PCACR00
0.55/0.65
0.600
0.000
AAPBG00 -5.210
-0.150
Vityaz
41.6
AARAN00 65.3665.40 65.380
-2.780
AARAP00
ESPO M1
34.8
AARWF00 65.2665.30 65.280
-2.780
AASEU00
ESPO M2
34.8
AAWFE00 66.2166.25 66.230
-2.830
AAWFG00
Diff to Dubai
1.40/1.50
2.00/2.10
2.25/2.35
1.450
2.050
2.300
0.000
0.000
-0.050
Diff to Oman/Dubai
Sokol
39.7
AASCJ00 66.5466.58 66.560
-3.230
AASCK00
2.45/2.55
2.500
-0.500
Kikeh
34.9
AAWUH00 70.6570.69 70.670
-1.920
Miri Light
32.3
PCABQ00 70.6070.64 70.620
-1.920
Labuan
32.0
PCABL00 71.0571.09 71.070
-1.920
AARAO00 -0.390
-0.170
AARWE00 0.080
-0.420
AAPAO00 0.790
-0.620
AAOZY00 4.900
0.000
AAPAS00 4.850
0.000
AAPAQ00 5.300
0.000
Medium crude
Diff to OSP Diff to Asian Dated Brent
AARAR00 66.5566.59 66.570
-1.920
AARAT00
0.00/0.10
0.050
--- ---
AARAS00 0.800
0.000
Su Tu Den
36.8
Bach Ho
40.7
PCAHY00 68.2568.29 68.270
-1.920 AAPAK00 2.500
0.000
Nanhai
40.0
PCAFR00 63.0063.04 63.020
-1.920 AAPAG00 -2.750
0.000
Diff to ICP
Minas
35.3
PCABO00 62.0962.13 62.110
-2.070
PCABP00
0.30/0.40
0.350
0.000
Nile Blend
33.9
AAPLC00 57.7457.78 57.760
-2.070
AAPEX00 -4.05/-3.95 -4.000 0.000
Widuri
33.2
PCAFE00 60.7960.83 60.810
-2.070
PCAFF00 -0.05/0.05 0.000 0.000
Daqing
32.2
PCAAZ00 58.5958.63 58.610
-2.070
Cinta
31.1
PCAAX00 60.5960.63 60.610
-2.070
PCAAY00 -0.05/0.05 0.000 0.000
AAPBA00 -3.660
-0.150
AAPAM00 -8.010
-0.150
AAPBO00 -4.960
-0.150
AAPAW00 -7.160
-0.150
AAPBK00 -5.160
-0.150
Heavy crude
Diff to ICP Diff to Asian Dated Brent
Dar Blend
25.0
AARAB00
55.5055.54
55.520 -1.920 AARAC00 -10.250 0.000
Shengli
24.2
PCABY00
57.8457.88
57.860 -2.070 AAPAY00 -7.910
-0.150
Duri
20.8
PCABA00
58.0958.13
58.110 -2.070
PCABB00
0.05/0.15
0.100
0.000
AAPBM00 -7.660
-0.150
Stybarrow 22.8 AARAH00 70.470
-1.920 AARAI00
4.700
0.000
Enfield
22.0
AARAE00 71.070
-1.920 AARAF00
5.300
0.000
Vincent
18.3
AARAK00 67.670
-1.920 AARAL00
1.900
0.000
AARAA00 56.800
+ 0.900
AAPAX00 59.140
+ 0.750
AAPBL00 59.390
+ 0.750
AARAG00 71.750
+ 0.900
AARAD00 72.350
+ 0.900
AARAJ00 68.950
+ 0.900
Jet Index
Index
$/barrel
PJASO00 232.89 PJASO08 81.51
Asia & Oceania
Mid East & Africa PJMEA00 238.39 PJMEA08 79.83
PJGLO00 226.96 PJGLO08 83.03
Global
Gasoil
Market analysis: (PGA page 2498) Asian gasoil market
sentiment was mixed Tuesday. The balance December/
January Singapore gasoil swaps flipped to contango at
Mondays Asian close, assessed at minus 3 cents/barrel,
compared with plus 7 cents/b Friday. Some traders said
colder-than-average temperatures in Japan and South
Korea might increase demand for jet fuel/kerosene,
thus reducing gasoil production in favor of its co-product.
Were already seeing [lower temperatures] in both Korea
december 9, 2014
Singapore 16:30
ICE gasoil futures ($/mt)
Balance Dec *
AAQTU00
593.75
Jan
Jan
AAQTV00
594.25
Feb
Feb
AAQTW00
606.75
Mar
Jan
Feb
Mar
Jan
Feb
Mar
*Balance month swaps are assessed from the 1st to the 15th of the month, and to the 14th of February.
Ship name
Size
Rate
Pacific Voyager
Front Endurance
Maran Centaurus
FPMC C Honor
Arenza XXVII
Front Century o/o
E Mei San
Genmar Zeus
Bunga Kasturi E
Selma B
Marina o/o Ithaki
Karvounis
Jag Lakshita
Tbn
Samurai
Tinos Warrior
Banda Sea
Brightoil Legend
Pacific Cape
Singapore River
Ratna Puja
Sentosa River
Teekay tbn
Ratna Shruti
Maran Capricorn
Nordic Grace
Gemini tbn
Romantic
SKS Satilla
Genmar Defiance
Front Babant
Coral Sea
Alicante
Delta Victory
G.B. De Carlini
280
CR
270
CR
270
CR
270
CR
270
CR
270
CR
270
CR
270
CR
270
CR
270
CR
270
CR
135 CR
130
CR
130 CR
125
CR
90
CR
90
CR
80
FO
100
CR
100
CR
80
CR
80
DY
80
DY
80
DY
260
CR
130
CR
130
CR
130 CR
130
CR
80
CR
130
CR
90
CR
80 CR
80
CR
80
CR
Type
Date
Route
23-Dec
25-Dec
22-Dec
23-Dec
24-Dec
24-Dec
24-Dec
25-Dec
26-Dec
25-Dec
26-Dec
25-Dec
30-Dec
20-Dec
26-Dec
23-Dec
14-Dec
13-Dec
23-Dec
19-Dec
19-Dec
20-Dec
22-Dec
27-Dec
7-Jan
25-Dec
24-Dec
24-Dec
29-Dec
18-Dec
23-Dec
17-Dec
12-Dec
18-Dec
18-Dec
PG-UKC
PG-Yeosu
PG-East
PG-China
Basrah-East
PG-East
PG-China
PG-Spore
PG-China
PG-East
PG-Thailand
Bashayer-Japan
Ras Tanura-Bataan
PG-Brazil
Jebel Dhan-Vadinar
Ras Tanura-Cochin
PG-Red Sea
Shuaiba-East
Kozmino-China
Kozmino-Japan
Kikeh-Mumbai
Indo-Kikuma
Spore-China
Mutineer-Nakagusuku
WAF-China
WAF-UKC
WAF-UKCM
WAF-UKCM
Clov-Fos
BSea-USGC
Libya-China
Sidi Kerir-Spain
Algeria-Spain
Ceyhan-Med
Libya-Med
rnr
62.5
60
rnr
55.5
65
64
66.75
63.5
62.5
69
102.5
95
o/p
150
110
$1.15m
137
rnr
rnr
85
rnr
115
100
rnr
coa
75
75
75
rnr
$4.65m
80
97.5
90
rnr
Charterer
ExxonMob
GS Caltex
ExxonMob
Glasford
Mercuria
Shell
Glasford
Spc
Day Harv
ExxonMob
PTT
PDI
Petron
Petrobras
IOC
BPCL
ATC
Glasford
Unipec
NGT
BPCL
Taiyo
Sinopec
Petrobras
Unipec
ExxonMob
Shell
BP
Pineos
Mercuria
Unipec
Repsol
Repsol
Socar
Vitol
december 9, 2014
Size
Maersk Pearl
Nassau Energy
Arcadia tbn
United Grace
Almi Globe
Sonangol Luanda
Front Queen
Mesaieed
Tempera o/o
NS Arctic
Heidmar tbn
Matterhorn Spirit
Eletson tbn
Minerva Ellie
Alaska
Eurovision
United Ideal
Nissos Delos
Nordbay
NS Leader
Mare Atlantic
Nissos Paros
Venice
Compass
Raysut
Nave Rigel
Bai Lu Zuo
Chao Hu
Gulf Pearl
Qi Lin Zuo
Morning Ibis
Chang Hang Z S
High Presence
UACC Harmony
BW Lynx
Gulf Baynunah
Bahir Dar
BW Shinano
Dai Nam
Atlantic Lily
Nord Snow Queen
Qian Chi
Torm Charente
Bentley I
Cape Bradley
Maerks Magellen
Georgia
Arqaviva
80
FO
80
CR
80
CR
80
FO
135
CR
135
CR
280
FO
100 CR
100
CR
80
CR
100
CR
80
CR
55
DY
70
DY
135
DY
140 DY
140
CR
80
COND
70 CR
70
CR
50
DY
80
DY
70
DY
50 DY
75 NA
60
UN
60
CL
60
UN
60
UN
60
UN
55
NA
35
NA
35
NA
35
NA
35
CL
35
CL
18
UN
60
CL
35
GO
30
CL
30
NA
30
NA
30
GO
30
CL
30
NA
37
CL
30
GO
30
CL
Type
Date
Route
20-Dec
dnr
20-Dec
20-Dec
26-Dec
2-Jan
17-Dec
18-Dec
18-Dec
13-Dec
22-Dec
17-Dec
25-Dec
11-Dec
22-Dec
16-Dec
15-Dec
15-Dec
16-Dec
Dec
18-Dec
17-Dec
14-Dec
16-Dec
24-Dec
28-Dec
15-Dec
24-Dec
20-Dec
15-Dec
24-Dec
12-Dec
24-Dec
13-Dec
12-Dec
15-Dec
8-Dec
12-Dec
18-Dec
12-Dec
10-Dec
13-Dec
12-Dec
11-Dec
13-Dec
12-Dec
12-Dec
14-Dec
BSea-NChina
Libya-East
Supsa-Med
Greece-East
CPC-UKCM
CPC-UKCM
NSea-Spore
Baltic-UKC
Primorsk-Finland
NSea-UKC
Primorsk-UKC
NSea-UKC
Trinidad-USWC
ECMexico-USGC
Bullen Bay-Kemanam
Covenas-USGC
ECMexico-Mundra
USGC-TA
Jose-USGC
Bahamas-USGC
USGC-ECCanada
USGC-UKCM
St Eustatius-USGC
Curacao-Kingston
Ruwais-Kaohsiung
Sikka-USAC
Mumbai-Sikka
Sikka-Spore
Sikka-Spore
Sikka-Spore
PG-Japan
Karachi-Japan
Hazira-Japan
Fujairah-Sohar
Bahrain-Sohar
PG-E Africa
Bahrain-Khawr A Zub
Thailand-Spore
Nakhodka-Spore
Spore-Dampier
Balikpapan-Spore
Santan-Spore
Greece-Med
Sarroch-Med
Alex-Med
Sicily-S.Africa
SP Med-Med
Greece-Med
Rate
$3.6m
$350k
97.5
rnr
87.5
82.5
$5.6m
82.5
o/p
100
82.5
rnr
175
112.5
$4.93m
85
$4.6m
75
112.5
112.5
145
75
112.5
$390k
113
$2.1m
$350k
117.5
117.5
115
110
123
rnr
$215k
$283k
150
$280k
rnr
rnr
180
$290k
$275k
205
rnr
210
rnr
210
rnr
Charterer
ST
Unipec
Socar
Mabanaft
Chevron
Chevron
Litasco
ST
Neste
Statoil
Eni
Trafigura
Chevron
cnr
Tipco
Mercuria
HMEL
Vitol
ATMI
Statoil
Mercuria
Vitol
Petrobras
Petrojam
CPC
Noble
Reliance
Vitol
Shell
Bp
Idemitsu
Vitol
PDC
Vitol
OTI
Vitol
cnr
Vitol
Clearlake
Vitol
Unipec
Vitol
Vitol
CSSA
Socar
Engen
Repsol
Elin Oil
december 9, 2014
Size
Type
80
NA
80
NA
80
NA
60
NA
37
GO
35
JT
30
GO
30
NA
30 GO
37 CL
37
CL
37
CL
37
CL
60 CL
60
CL
80
CL
30
CL
60
NA
60
CL
38
CL
38
CL
38
CL
38
CL
38 CL
80 CL
38
CL
38
CL
38
CL
Date
Route
20-Dec
20-Dec
24-Dec
12-Dec
15-Dec
11-Dec
13-Dec
14-Dec
14-Dec
17-Dec
14-Dec
10-Dec
16-Dec
15-Dec
10-Dec
25-Dec
13-Dec
22-Dec
23-Dec
13-Dec
16-Dec
16-Dec
12-Dec
Dec
18-Dec
20-Dec
17-Dec
16-Dec
Black Sea-Japan
Skikda-Japan
Tuapse-Japan
Cartagena-Japan
Sarroch-Red Sea
Yanbu-Med
Greece-Med
Skikda-TA
Sarroch-Med
Pembroke-TA
ARA-TA
ARA-WAF
N.Spain-TA
UKC-WAF
UKC-WAF
UKC-opts
Primorsk-UKC
Cartagena-Japan
USGC-East, opts
USGC-ECMexico
USGC-opts
Pisco-opts
USGC-Med
USGC-opts
USGC-UKC
USWC-opts
USGC-Caribs
St John-USAC
Rate
$3.25m
$2.95m
$3.25m
$2.53m
$1.1m
$750k
205
rnr
rnr
180
175
200
180
rnr
152.5
rnr
192.5
$2.53m
$2.65m
$543k
rnr
rnr
162.5
rnr
rnr
rnr
rnr
rnr
Charterer
Clearlake
Total
Morg Stan
Repsol
ATC
BP
Bbnaft
cnr
cnr
Valero
Shell
Litasco
Repsol
cnr
BP
cnr
Gazprom
Repsol
cnr
PMI
cnr
cnr
BBNaft
cnr
ST
cnr
cnr
Irving
CL: Clean, F: Failed, UL: Unleaded, NA: Naphtha, GO: Gasoil, DY: Dirty, CR: Crude, FO: Fuel Oil, CO: Condensate, +:Update, pt: prompt, cnr: charterer not reported, rnr: rate
not reported
10
december 9, 2014
Deals summaries
Naphtha paper
REPORTED AFTER CLOSE
Platts Naphtha Japan swap: Jan heard done
546.00
Platts Naphtha Japan swap: Jan heard done
546.50
Platts Naphtha Japan swap: Jan/Feb heard done
-2.00
Platts Naphtha Japan swap: Jan/Feb heard done
-1.75
Platts Naphtha Japan swap: Bal Dec/Jan heard done
-1.25
Jet paper
Platts Asia deals summary: Jet paper December 9, 2014
Jet Swap: Bal December done 80.70 Vitol sold to JP Morgan
(08:29:56)?
Jet Swap: Bal December done 80.70 Shell sold to CAO
(08:29:53)?
Jet Swap: Bal December done 80.60 Winson sold to
Petrochina (08:29:51)?
Jet Swap: Bal Month/Jan15 done -0.06 Shell sold to Unipec
(08:29:49)
Jet Swap: Bal December done 80.60 Vitol sold to CAO
(08:29:48)
Jet Swap: Bal Month/Jan15 done -0.06 Shell sold to Unipec
(08:29:32)
Jet Swap: Bal December done 80.70 Vitol sold to Lukoil
(08:28:34)
Platts Asia deals summary: Regrade paper December 9, 2014
Regrade Swap: Balance December done 1.30 Vitol sold to
MCE Limited (08:03:46)
Regrade Swap: Balance December done 1.30 Vitol sold to
MCE Limited (08:29:31)
Regrade Swap: January done 1.35 Vitol sold to Mercuria
(08:29:11)
Regrade Swap: January done 1.31 BP Singapore sold to BB
Energy (08:29:34)
Gasoil paper
Platts Asia deals summary: Gasoil paper December 9, 2014:
Fuel Oil
Market analysis: (PGA page 2599) High sulfur fuel
oil values in Singapore continued to head south,
dragged down mainly by steep declines in Western
crude benchmarks and in anticipation of the arrival
of arbitraged cargoes from the West next month, said
Copyright 2014, McGraw Hill Financial
11
(PGApage 1500)
december 9, 2014
Corrections
Please note that the December 4 assessment for
95 RON Unleaded gasoline FOB South Korea, and its
corresponding price database codes should read as follows:
Gasoline 95 RON Unl FOB Korea (PGAQO00):
Date
Low-High
Mid
Dec 4
78.02-78.06
78.04
These assessments appear in Platts Global Alert
pages 2340, 2008 and 2304, Asia-Pacific/Arab Gulf
Marketscan and in the Platts price database under the
code listed above.
12
Sour Crude
Market analysis: (PGA page 2298) The Asian sour crude
market was largely quiet Tuesday with traders focused
on a refinery outage in Oman that has weighed on the
Oman crude price since late last week. Omans 106,000
b/d Mina Al Fahal refinery has been shut since a fire at
a naphtha unit broke out last Thursday. Two sources at
the plant said it could take about two weeks before the
refinery resumes operations. An ORPIC spokesperson did
not have any comments Tuesday. A two-week outage at
the plant could leave about 1.50 million barrels of unused
Oman oil, although traders said they had not seen any
offers from the country yet. Several traders said that given
the recent decline in prices, it was unlikely that Oman
would offer crude in the market. I would be surprised if
they sell oil now, with the price on the Dubai Mercantile
Exchange and differentials down so much, said a trader.
Oman crude has come under sustained pressure since
the fire, on expectations of a spillover of oil in the regional
spot market. On Monday, Platts assessed cash February
Oman at $65.90/barrel, reflecting a discount of 81
cents/b to February Dubai swaps, compared to a discount
of 44 cents/b Friday. Meanwhile, in one of the first trades
for February-loading Middle East cargoes, Indian Oil was
heard to have bought 1 million barrels of Abu Dhabis
Murban crude from Shell in a tender. The price was
heard to be around 19 cents/b below Platts Dated Brent
assessments. One trader said offers for February Murban
Copyright 2014, McGraw Hill Financial
december 9, 2014
13
Sweet Crude
Market analysis: (PGA page 2299) The new trading cycle
for February-loading cargoes kicked off in the AsiaPacific sweet crudes market Tuesday, with some regional
suppliers quickly issuing their first batch of sell tenders
in a holiday-shortened month. Trade participants said
many refiners were quick to run their linear programming
models this time and once the new regional loading
program became clearer, trading will likely pick up very
fast. There should be very few if not no unsold
January-loading cargoes so the market can quickly
get on with the new [trading] cycle, said a Singaporebased sweet crudes trader, adding that the number
of working days are fewer this month, so everyone
including suppliers, traders, brokers and end-users will
be looking to wrap things up as early as possible.
Vietnams state-owned PV Oil issued a tender to sell two
300,000-barrel cargoes of Chim Sao crude for loading
over February 11-15 and 22-26. The tender closes on
December 12 and remains valid until December 16.
The Vietnamese oil marketer was last heard to have
sold three 300,000-barrel cargoes of Chim Sao crude
for loading January 7-11, 17-21 and 26-30 at premiums
of around $2.60-3/b to Platts Dated Brent crude
assessments. It seems that Northeast Asia is bracing
for below-average temperatures this winter, but Japanese
demand for direct-burning grades wont pick up much
because they have plenty of stockpiles, said a second
Copyright 2014, McGraw Hill Financial
december 9, 2014
14