|2018-10-23 来源： 中国石化新闻网|
据Refinitiv Eikon提供的数据显示，至少有两艘“前虎”号和“FPMC P理想”号（共运载18万吨汽油）将于下月驶往新加坡。
Asia gasoline buckles under supplies; crack at over two-year low
Asia’s gasoline margin fell to more than a two-year low late last week due to ample supplies, and the October average is now expected to be the worst for the month since 2013, based on Thomson Reuters data.
Gasoline margins against Brent crude fell 63 percent from the start of the month to $3.04 a barrel on Thursday, the lowest since Aug. 1, 2016, before recovering to $3.55 a barrel on Friday.
However, Friday’s bounce was merely a reflection of easing oil prices, rather than a sign of better things to come, trade and industry sources said.
“Weaker demand in Europe and the U.S. have affected the Asian market,” said KY Lin, spokesman for Formosa Petrochemical Corp.
“The commercial operation of Vietnam’s new refinery, the resumption of gasoline units in Reliance and Yasref and the announcement of a restart of (UAE’s) RFCC (residue fluid catalytic cracker) are also keys to the crash of gasoline margin,” Lin added. “
Benchmark northwest European gasoline refining margins, for instance, have turned negative and fell to their lowest in seven years last Friday.
Faced with inflated supplies, Europe will ship its gasoline to any market that can absorb the petrol.
At least two ships, the Front Tiger and FPMC P Ideal, carrying a total of 180,000 tonnes of gasoline, are heading for Singapore next month, data from Refinitiv Eikon showed.
But despite the glut, refineries in Asia are unwilling to slash runs this quarter as it is the peak demand season for gasoil and kerosene, the sources said.