Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
DIESEL
The prompt diesel time spread in Asia has fallen to the narrowest backwardation since last June amid strong China and South Korea supplies to the region according to Bloomberg.
- The prompt Singapore 10ppm sulfur gasoil spread has narrowed from $2.2/bbl in January to as low as 4c/bbl on Mar. 20 according to Bloomberg Fair Value data suggesting less bullish sentiment and healthier supplies.
- Ample shipments from major exporters China and South Korea are outpacing demand, according to Bloomberg sources.
- Gasoil-type exports from China are forecast to rise 20% y/y to 275kbpd in March, according to preliminary Kpler data.
- The prompt European Gasoil spread has also fallen to the lowest since mid Jan at around 10$/mt from a high of over 35$/mt in February.
Source: Bloomberg
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok