NEW DELHI, July 30 (Reuters) - Asia's naphtha price jumped on Wednesday after a powerful earthquake triggered a tsunami warning in Japan.
The price for first-half September naphtha rose by about $19 to $609.75 per metric ton over Brent crude.
Traders said refineries face the risk of shutting down due to the Tsunami warning.
In the gasoline market, window activity remained thin for a second straight day with no bids, offers and deals. Kuwait's KPC was heard to have offered 92-octange grade of gasoline for delivery during mid-August, market participants said.
The gasoline crack traded steady at about $7 per barrel over Brent crude on Wednesday.
NEWS
- Oil prices fell on Wednesday as investors awaited developments on U.S. President Donald Trump's tighter deadline for Russia to end the war in Ukraine and his tariff threats to countries that trade its oil. O/R
- Dutch tank storage company Vopak raised its 2025 core profit forecast on Wednesday, citing strong first-half results and the resilience of its terminal network.
SINGAPORE CASH DEALS O/AS
One naphtha trade.
PRICES
CASH | ASIA CLOSE | Change | Prev Close | RIC |
OSN Naphtha CFR Japan M1 ($/mt) | 609.75 | 19.25 | 590.50 | NAF-1H-TYO |
OSN Naphtha CFR Japan M2 ($/mt) | 608.00 | 19.00 | 589.00 | NAF-2H-TYO |
OSN Naphtha Diff ($/mt) | 1.75 | 0.25 | 1.50 | NAF-TYO-DIF |
Naphtha Netback FOB Sing ($/bbl) | 65.75 | 2.14 | 63.61 | NAF-SIN |
Naphtha-Brent Crack ($/mt) | 64.35 | 0.13 | 64.23 | NAF-SIN-CRK |
Gasoline 97 ($/bbl) | 82.20 | 1.51 | 80.69 | GL97-SIN |
Gasoline 95 ($/bbl) | 81.70 | 2.08 | 79.62 | GL95-SIN |
Gasoline 92 ($/bbl) | 80.00 | 2.50 | 77.50 | GL92-SIN |
Gasoline crack ($/bbl) | 7.28 | -0.05 | 7.33 | 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 |