Asian gasoline lends support to light ends while naphtha, LPG sag on oversupply

S&P Global Platts | Aug 19, 2019 at 4:17 AM
  • The light ends market in Asia is showing a mixed picture, with gasoline’s strength expected to continue into September on surging regional demand and refinery turnarounds, while naphtha makes a slow start to the seasonal Q4 demand peak amid volatile crude oil prices, market sources said Friday.
  • India’s Hindustan Petroleum Corp. Ltd. issued a spot tender seeking 218,000 mt of 91.6-92 RON gasoline for September and October delivery, while Indonesia’s Pertamina was seeking 129,412 mt of 88 RON gasoline for September loading and delivery.
  • This week, traders are watching if Indonesia would seek more spot cargoes after concluding purchases via spot tenders in recent weeks, even as its term tender is being processed.