european margin recovery falters

摘要

The recovery of product markets in Europe faltered, as fears of a second wave of?Covid-19?intensifed?while?stocks?remain?high.?Bookings?of?naphtha?and?diesel? at?FSU?ports?rose?on?the?week.? Around 281,000t of FSU naphtha was booked to load, up from 177,000t the previous?week.?Eastbound?Black?Sea?charters?accounted?for?140,000t,?mostly?un- der?term?contracts,?with?141,000t?loading?at?Ust-Luga?in?four?cargoes,?probably? for?northwest?Europe.?Naphtha?was?trading?at?a?$2.04/bl?discount?to?benchmark? North?Sea?Dated?crude?on?15?July,?compared?with?an?80c/bl?premium?on?8?July.