Asia’s refining crack for gasoil steadied on Monday after hitting 11-month lows last week, though cash differentials remained weaker on ample regional supplies.

Refining margins for 10 ppm sulphur gasoil were higher on Monday from the previous session’s $22.33 per barrel .

Meanwhile, cash differentials for 10 ppm sulphur gasoil fell to $1.08 per barrel, hitting six-month lows.

Refining margins for jet fuel rebounded from the previous week, at $20.36 per barrel on Monday.

The regrade spread narrowed slightly to a discount of $1.97 per barrel, compared to a discount of $2.25 per barrel last week.

SINGAPORE CASH DEALS

– No gasoil deal, no jet fuel trade.
Source: Reuters