US Gulf coast

摘要

Climbing demand amid regional supply concerns continued to push Gulf coast barge prices higher, with the majority of trade landing between $345-370/st ex-refinery for forward loadings. Some traded volume was still reported at $335/st fob in the western Gulf, but the bulk of trades and indications jumped to $345-370/st. Around 100,000bl closed around $360/ st ex-refinery and over 50,000bl traded at $370/st for PG 67- 22. Domestic and export indications moved higher, with values supported by strong gasoline and distillate margins. Strong clean product cracks indicate better refining economics for diverting asphalt into cokers, which can convert heavier feedstock into the higher-grossing road fuels.