Naphtha up; Pertamina awards spot gasoline at premium

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Asia's naphtha refining profit margin gained on Wednesday as supplies remained tight and crude oil benchmarks rose.The crack rose to $103.28 per metric ton over Brent crude and the backwardation between second-half October and second-half November stood at $4.50 a ton.Window activity remained thin for a third straight session for both naphtha and gasoline, market participants said.The gasoline crack traded steadily firm at about $12 per barrel over Brent crude as balances in Asia continued to be tight.In tenders, Indonesia's Pertamina was heard to have awarded some volumes of 3 million barrels of its latest gasoline spot tender to trading firms OQ and Unipec at a premium of around $1.5 per barrel, market sources said.NEWS- Oil prices rose on Wednesday after Israel attacked Hamas leadership in Qatar, Poland shot down drones and the U.S. made a push for new sanctions on buyers of Russian oil, but concerns over crude oversupply capped further gains. - Petronas is trying to achieve a 90% operating rate by the end of this year at the crude unit for its Pengarang refinery, Ahmad Adly Alias, the firm's vice president for refining, marketing and trading told Reuters on the sidelines of the APPEC industry event.SINGAPORE CASH DEALS No trades.PRICESCASHASIA CLOSEChangePrev CloseRICOSN Naphtha CFR Japan M1 ($/mt)606.005.00601.00(NAF-1H-TYO)OSN Naphtha CFR Japan M2 ($/mt)601.508.00593.50(NAF-2H-TYO)OSN Naphtha Diff ($/mt)4.50-3.007.50(NAF-TYO-DIF)Naphtha Netback FOB Sing ($/bbl)65.330.5664.78(NAF-SIN)Naphtha-Brent Crack ($/mt)103.283.5799.70(NAF-SIN-CRK)Gasoline 97 ($/bbl)82.57-0.1082.67(GL97-SIN)Gasoline 95 ($/bbl)81.89-0.1081.99(GL95-SIN)Gasoline 92 ($/bbl)79.10-0.1079.20(GL92-SIN)Gasoline crack ($/bbl)12.07-0.2912.36(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)NEW Naphtha M1(NAPCNWEAMc1)NEW Naphtha M1/M2(NAPCNWEASMc1)NEW Naphtha M2(NAPCNWEAMc2)Crack NEW Naphtha-Brent M1(NAPCNWEACMc1)Crack NEW Naphtha-Brent M...

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