platts european market scan 040913

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Platts European Market Scan 040913

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  • [OIL ]

    www.platts.com

    European products ($/mt) Code Mid Change Code Mid Change

    Mediterranean cargoes (PGA page 1114)

    FOB Med (Italy) CIF Med (Genova/Lavera)Naphtha* PAAAI00 935.00935.50 935.250 -4.250 PAAAH00 951.25951.75 951.500 -4.750Prem Unl 10ppm AAWZA00 995.75996.25 996.000 -7.250 AAWZB00 1006.001006.50 1006.250 -7.500Jet AAIDL00 1004.751005.25 1005.000 +1.000 AAZBN00 1024.501025.00 1024.750 +0.50010ppm ULSD AAWYY00 979.25979.75 979.500 -0.250 AAWYZ00 991.50992.00 991.750 -0.500Gasoil 0.1% AAVJI00 955.75956.25 956.000 0.000 AAVJJ00 969.75970.25 970.000 0.000Fuel Oil 1.0% PUAAK00 623.75624.25 624.000 +1.000 PUAAJ00 635.00635.50 635.250 +1.000Fuel oil 3.5% PUAAZ00 598.25598.75 598.500 +3.500 PUAAY00 609.50610.00 609.750 +3.500Jet FOB Med premium AAIDN00 14.75/15.25 15.000 0.000

    *Naphtha FOB Med is basis East Med

    Northwest Europe cargoes (PGA page 1110)

    FOB NWE CIF NWE/Basis ARANaphtha (Oct) PAAAJ00 946.50947.00 946.750 -1.250Naphtha PAAAL00 959.50960.00 959.750 -4.750Gasoline 10ppm AAXFQ00 1042.751043.25 1043.000 -9.250Jet PJAAV00 1014.251014.75 1014.500 +0.500 PJAAU00 1026.001026.50 1026.250 +0.500ULSD 10 ppm AAVBF00 976.50977.00 976.750 +1.250 AAVBG00 992.00992.50 992.250 +1.250Diesel 10ppm NWE AAWZD00 979.00979.50 979.250 +1.250 AAWZC00 994.75995.25 995.000 +1.250Diesel 10 ppm UK AAVBH00 996.50997.00 996.750 +1.250Gasoil 0.1% AAYWR00 946.50947.00 946.750 -1.000 AAYWS00 963.50964.00 963.750 -1.000Fuel oil 1.0% PUAAM00 618.00618.50 618.250 +1.000 PUAAL00 627.50628.00 627.750 +1.000Fuel oil 3.5% PUABB00 581.00581.50 581.250 +2.000 PUABA00 592.50593.00 592.750 +1.750Straight run 0.5-0.7% PKABA00 745.50746.50 746.000 +2.000VGO 0.5-0.6% AAHMX00 795.50796.50 796.000 +2.000 AAHMZ00 805.50806.50 806.000 +2.000VGO 2% max AAHNB00 786.00787.00 786.500 +1.500 AAHND00 796.00797.00 796.500 +1.500

    Northwest Europe barges (PGA page 1112)

    FOB RotterdamNaphtha PAAAM00 955.50956.00 955.750 -4.750Eurobob AAQZV00 1025.751026.25 1026.000 -9.25098 RON gasoline 10 ppm AAKOD00 1071.501072.00 1071.750 -9.250Premium gasoline 10 ppm PGABM00 1024.751025.25 1025.000 -13.000Jet PJABA00 1022.751023.25 1023.000 -1.000Diesel 10 ppm AAJUS00 982.50983.00 982.750 -1.250Gasoil 50 ppm AAUQC00 979.50980.00 979.750 +1.000Gasoil 0.1% AAYWT00 959.50960.00 959.750 -0.250Fuel oil 1.0% PUAAP00 618.00618.50 618.250 +0.750Fuel oil 3.5% PUABC00 597.25597.75 597.500 +1.750Rotterdam bunker 380 CST PUAYW00 600.00601.00 600.500 +3.000VGO 0.5-0.6% AAHNF00 795.50796.50 796.000 +2.000VGO 2% max AAHNI00 786.00787.00 786.500 +1.500MTBE* PHALA00 1191.751192.25 1192.000 -31.000

    *FOB Amsterdam-Rotterdam-Antwerp

    ICE futures

    Platts ICE 1630 London assessments* (PGA page 703)

    Gasoil Low Sulfur Gasoil

    Sep AARIN00 961.75 Sep AAGL001 982.25Oct AARIO00 962.25 Oct AAGL002 983.25Nov AARIP00 959.25 Nov AAGL003 978.00

    Brent Brent NX

    Oct AAYES00 115.33 Oct AAXZL00 115.34Nov AAYET00 113.52 Nov AAXZM00 113.53Dec AAXZY00 112.00 Dec AAXZN00 112.01Jan AAYAM00 110.71 Jan AAYAP00 110.72

    *Platts ICE assessments reflect the closing value of the ICE contracts at precisely 16:30 London time.

    ICE gasoil settlements (PGA page 702)

    Gasoil Low Sulfur Gasoil

    Sep AAQSG00 960.75 Sep AAGS001 979.75Oct AAQSH00 961.50 Oct AAGS002 981.25Nov AAQSI00 958.50 Nov AAGS003 976.25Dec AAQSJ00 953.00 Dec AAGS004 970.50Jan AAQSK00 949.00 Jan AAGS005 966.75Feb AAQSL00 943.00 Feb AAGS006 960.75Expiry AAQSM00 NA*

    *Value at 12:00 London time will only appear on day of expiry

    ICE gasoil GWAVE (Previous days values) (PGA page 702)

    Sept PXAAJ00 961.75 Oct PXAAK00 962.25

    NYMEX futures (16:30 London time)

    NYMEX WTI (PGA page 703)

    $/barrel $/barrel

    Oct AASCR00 107.73 Nov AASCS00 107.16

    NYMEX heating oil (PGA page 703)

    /gal /gal

    Oct AASCT00 314.33 Nov AASCU00 314.46

    NYMEX RBOB (unleaded gasoline) (PGA page 703)

    /gal /gal

    Oct AASCV00 286.75 Nov AASCW00 284.38

    EUROPEAN MARKETSCANVolume 45 / Issue 171 / September 4, 2013

    ULSD 10ppm barge crack swap ($)

    15

    20

    25

    SepJulMayMarJanNov

  • september 4, 2013eUrOpeAN mArKetsCAN

    2Copyright 2013, McGraw Hill Financial

    Market Update (PGA page 724)

    Crude futures were holding an earlier move to the downside heading into the US trading day, with the market continuing to keep a cautious eye on a possible US-led attack on Syria, while also looking ahead to key macroeconomic indicators heading into the end of the week, as well as upcoming US stock data. The market will remain rangebound in nervous choppy trading with all attention on developments in Syria, said VTB Capital commodities strategist Andrey Kryuchenkov. The highs from last week will serve as short-term upside resistance for now...we believe a limited US strike...would only see a temporary spike provided no supply disruptions elsewhere. At 1245 GMT, ICE October Brent was down 19 cents (0.16%) at $115.49/barrel, while the front-month NYMEX October crude contract had dropped 21 cents (0.19%) to $108.33/b. The two contracts, meanwhile, have spent the day in the ranges $114.91-116.09/b and $107.63-108.61/b, respectively, while the October Brent premium to October NYMEX crude had a day range of $5.91-$6.40/b. Overnight, members of the Senate Foreign Relations Committee agreed on the wording of a new resolution authorizing US military force against the Syrian government that would permit up to 60 days of military action against the government of Syrian President Bashar al-Assad and give President Barack Obama the option to extend military operations by 30 days pending congressional notification. Speaker of the House John Boehner is on board and [the] Senate votes today as the noose tightens around Syrias neck, said Price Futures Group senior market analyst Phil Flynn. Even Vladamir Putin says he might be on board with an attack on Syria if it could be proved conclusively that the Assad regime actually used chemical weapons. Looking ahead, outside of Syria the key event for all markets today is the American Petroleum Institute weekly stock data release scheduled for 2030 GMT, with analysts polled by Platts forecasting a 2.5 million barrel crude draw, a 1 million barrel drop in gasoline stocks and an 800,000 barrel increase in distillates. The US Energy Information Administration releases its official and more definitive data tomorrow at 1500 GMT. However, the

    Foreign exchange rates (PGA page 1151)September 4, 2013 London 16:30Dollar/Swiss franc BCADC00 0.9352GB pound/Dollar BCADB00 1.5644Dollar/Yen BCACW00 99.5200Euro/Dollar BCADD00 1.3210Dollar/Ruble AAUJO00 33.3370

    Euro-denominated assessments 16:30 London (/mt)Med cargoes (PGA page 1120) FOB Med CIF Med (Italy) (Genova/Lavera)Naphtha* ABWHE00 707.986 ABWHD00 720.288Prem Unl 10ppm ABWGV00 753.974 ABWGU00 761.734Jet ABWGZ00 760.787 AAZBO00 775.73810ppm ULSD ABWHM00 741.484 ABWHH00 750.757Gasoil 0.1% ABWGQ00 723.694 ABWGO00 734.292Fuel Oil 1.0% ABWGH00 472.369 ABWGF00 480.886Fuel oil 3.5% ABWGM00 453.066 ABWGK00 461.582Jet FOB Med premium ABWHA00 11.355

    *Naphtha FOB Med is basis East Med

    Northwest Europe cargoes (PGA page 1116)

    FOB NWE CIF NWE/ Basis ARANaphtha AAQCE00 726.533Gasoline 10ppm ABWGS00 789.553Jet ABWHB00 767.979 AAQCF00 776.874ULSD 10 ppm ABWHO00 741.294 ABWHI00 753.217Diesel 10ppm NWE ABWHP00 739.402 ABWHK00 751.136Diesel 10 ppm UK ABWHJ00 754.542Gasoil 0.1% ABWGR00 716.692 ABWGP00 729.561Fuel oil 1.0% AAQCG00 468.017 ABWGG00 475.208Fuel oil 3.5% ABWGN00 440.008 ABWGL00 448.713Straight run 0.5-0.7% ABWHG00 564.724

    European clean product barge freight rates

    ARA ($/mt) (PGT page 1918)Rotterdam Rotterdam TCAEI00 1.75 Rotterdam Flushing TCAEJ00 3.25 Rotterdam Ghent TCAEK00 3.50 Rotterdam Antwerp TCAEL00 2.75

    Germany ($/mt) (PGT page 1918)Rotterdam Duisburg TCAEM00 8.00 Rotterdam Cologne TCAEN00 15.00 Rotterdam Karlsruhe TCAEO00 23.75 Antwerp Duisburg TCAEP00 8.50

    Switzerland ($/mt) (PGT page 1918)Rotterdam Basel TCAEQ00 31.00

    main focus for the week will be on the release of the US employment data on Friday, including the important non-farm payroll figures that will possibly give a clear direction and better insight about the QE program, said Sucden Financial senior research analyst Myrto Sokou. The recent strong US economic data increased expectations that the US Federal Reserve Bank will begin reducing its stimulus soon. For products markets, front-month NYMEX October ULSD was down 68 points (0.22%) at $3.1415/gal, while NYMEX October RBOB had shed 36 points (0.13%) to $2.8610/gal. September ICE gasoil, meanwhile, was $1.50 (0.16%) higher at $961.75/mt.

    Gasoline

    Market analysis: (PGA page 1399) The Northwest Europe gasoline market retained its relative strength Wednesday, with the main activity concentrated on the barges market, a source said. The only trades that take place are on barges...as I see it at least the source said, adding activity on the gasoline blending components market remained light. The gasoline market in the Mediterranean weakened during the trading day underlying weaker demand. On the supply side, a source said: The middle of September seems

    Northwest Europe barges (PGA page 1118) FOB RotterdamNaphtha ABWHF00 723.505Eurobob ABWGT00 776.68498 RON gasoline 10 ppm ABWGX00 811.317Premium gasoline 10 ppm AAQCH00 775.927Jet ABWHC00 774.413Diesel 10 ppm AAQCI00 743.944Gasoil 50 ppm AAUQF00 741.673Gasoil 0.1% AAYWY00 726.533Fuel oil 1.0% ABWGI00 468.017Fuel oil 3.5% AAQCK00 452.309Rotterdam bunker 380 CST AAUHE00 454.580

    New York Harbor cargoes 16:30 London (PGA pages 1350 & 1450) FOB NY Harbor ( cent/gal)Unleaded 87 AAPYV00 222.93Unleaded 89 AAPYW00 225.96Unleaded 93 AAPYX00 230.51No. 2 AAPYY00 228.49

    Euro/US$ for