Gasoline: Asia gasoline cracks plunge

摘要

Asia gasoline cracks plunged 84-93 cents/barrel Monday under pressure from a supply overhang and seasonally stagnated demand. Most overhang in supply was seen from rising Chinese and Indian exports. Vietnam's Petrolimex awarded most of the 30,000 mt of 95 RON it bought via its Q4 tender, on an FOB South China basis rather than from Singapore. In total, Petrolimex bought 147,000-148,000 mt of 92 RON and 95 RON for November-December via the tender, or 90% of the volume it earlier sought.