Asian regrade widens as China demand drives up gasoil, jet exits peak season

S&P Global Platts | Aug 19, 2019 at 4:19 AM
  • Asian gasoil is poised to stay in the bull market throughout August with Chinese demand rising against tightening supply, while co-distillate jet fuel/kerosene is transitioning out of the peak summer travel demand season, leading to a widening of the regrade.
  • The Singapore gasoil market is expected to strengthen on an increase in buying interest and China’s domestic demand for gasoil.
  • As of 0300 GMT, brokers pegged the front month September/October Singapore gasoil swaps at plus 24 cents, down 3 days from Friday’s Asian close.