Asia’s spot cash differentials for gasoil declined on Tuesday as selling interest persisted.

The 10 ppm sulphur gasoil cash differential (GO10-SIN-DIF) fell to $1.24 a barrel amid competitive offers for the first half of March.

Refining margins (GO10SGCKMc1) for 10 ppm sulphur gasoil were at $25.25 per barrel, supported by a slide in crude oil prices.

Jet fuel refining margins (JETSGCKMc1) also edged higher from the previous day, at $23.40 per barrel.

The regrade spread (JETREG10SGMc1) widened further to a discount of $1.85 per barrel.

HINA’S ZPC EXPORTS FIRST JET CARGO

SINGAPORE CASH DEALS

– One gasoil deal, no jet fuel deal

TENDERS

– India’s MRPL offers gasoil and jet fuel for March
Source: Reuters