Naphtha margin steady, QE sells September supply

About this update from Lotte Chemical Corporation

Asia's naphtha refining profit margin was little changed on Thursday amid thin window activity.The crack traded at $92.23 per metric ton over Brent crude, compared with $92.18 a ton a day earlier. The backwardation between first-half October and first-half November stood at $10.50 a ton.Lotte Chemical was heard to have purchased 25,000 tons of second-half October minimum 65% naphtha at a premium of about $4 per ton this week, while Qatar Energy sold 50,000 tons of light naphtha at a premium of about $24 per ton for loading during September 17-18, market sources said.Meanwhile, Singapore inventories of light distillates fell by 1.669 million barrels to a three-week low of 13.485 million barrels in the week to August 27, Enterprise Singapore data showed. NEWS- Russian oil exports to India are set to rise in September, traders said, as producers cut prices to sell more crude because they cannot process as much in refineries that were damaged by Ukrainian drone attacks on energy infrastructure.- Russia's domestic fuel market is fully supplied and the situation is under control, Kremlin spokesman Dmitry Peskov said on Thursday.SINGAPORE CASH DEALS No trades.PRICES CASHASIA CLOSEChangePrev CloseRICOSN Naphtha CFR Japan M1 ($/mt)599.003.50595.50(NAF-1H-TYO)OSN Naphtha CFR Japan M2 ($/mt)588.500.00588.50(NAF-2H-TYO)OSN Naphtha Diff ($/mt)10.503.507.00(NAF-TYO-DIF)Naphtha Netback FOB Sing ($/bbl)64.560.3964.17(NAF-SIN)Naphtha-Brent Crack ($/mt)92.230.0592.18(NAF-SIN-CRK)Gasoline 97 ($/bbl)82.071.6080.47(GL97-SIN)Gasoline 95 ($/bbl)81.391.6079.79(GL95-SIN)Gasoline 92 ($/bbl)78.601.6077.00(GL92-SIN)Gasoline crack ($/bbl)11.031.149.89(GL92-SIN-CRK)For a list of derivatives prices, including margins, please double click the RICs below.Brent M1(BRENTSGMc1)Naphtha CFR Japan M1(NACFRJPSWMc1)Naphtha CFR Japan M1/M2(NACFRJPSDMc1)Naphtha CFR Japan M2(NACFRJPSWMc2)Naphtha Japan-Sing Netback M1(NAPTC4SPDMc1)Naphtha Japan-Sing Netback M2(NAPTC4SPDMc2)Naphtha FOB Sing M1(NAFOBSGSWMc1)Naphtha FOB Sing M1/M2(NAFOBSGSDMc1)Naphtha FOB Sing M2(NAFOBSGSWMc2)Naphtha Cracks M1(NACFRJPCKMc1)East-West Naphtha M1(NAPJPEWMc1)East-West Naphtha M2(NAPJPEWMc2)NWE Naphtha M1(NAPCNWEAMc1)NWE Naphtha M1/M2(NAPCNWEASMc1)NWE Naphtha M2(NAPCNWEAMc2)Crack NWE Naphtha-Brent M1(NAPCNWEACMc1)Crack NWE Naphtha-Brent M2(NAPCNWEACMc2)*Sing refers to Singapore

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