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美国库存增加导致亚洲汽油市场疲软

阅读:1511次 日期:2019/08/10

据普氏能源资讯8月8日新加坡报道,周四早些时候,因美国汽油库存的增加拖累了该市场的账面和实物裂缝,尽管地区基本稳定,但亚洲汽油市场仍面临下行压力。

根据周四上午的经纪人迹象,9月92RON汽油掉期裂解价格在4.70美元/桶至4.90美元/桶之间。 这低于周三亚洲收盘时的5.27美元/桶。

在现货市场,新加坡92 RON汽油离岸价格对前月ICE布伦特原油期货的冲击也有所减弱,名义裂缝在7.00- $ 7.20美元/桶左右。 周三亚洲收盘时,实际裂缝价格为7.66美元/桶。

标准普尔全球普氏(S&p Global Platts)数据显示,由于RBOB/布伦特原油价格下跌,亚洲股市周四早盘下跌,至格林尼治时间3:00,亚洲股市下跌约11.65美元/桶,连续第三天进一步下滑。

美国能源信息管理局(US Energy Information Administration)的数据显示,美国汽油库存总额触及2019年3月以来的最高水平,在截至8月2日的一周内增长1.92%,达到2.35172亿桶,与分析师的预期相悖。截至3月29日的一周内,原油库存持续走高,为2.36839亿桶。

普氏(Platts)周一晚些时候的一项分析显示,由于夏季成品油需求强劲,预计美国汽油库存总量将下降约140万桶。

冰布伦特原油期货和美国纽约商品交易所(NYMEX)RBOB期货本周也有所下跌,因为中美地缘政治紧张局势的加剧,加剧了人们对两国之间旷日持久的贸易争端的担忧。

尽管如此,亚洲汽油时差利差仍保持坚挺,8月/9月互换价差为1.64美元至1.65美元/桶,而9月/10月掉期利差为1.05美元至1.10美元/桶。

据普氏能源资讯显示,周三亚洲收盘时,8月/ 9月的掉期利差评估为加1.62美元/桶,9月/ 10月掉期利差为1.09美元/加元。

郝芬 译自 Platts

原文如下:

Asian gasoline market weakens under weight of rising US inventories

The Asian gasoline market came under downward pressure early Thursday as an increase in US gasoline inventories weighed on the paper and physical cracks, despite steady regional fundamentals.

The September 92 RON gasoline swap crack was between $4.70/b and $4.90/b, based on broker indications Thursday morning. This was lower than the $5.27/b seen at the Asian close Wednesday.

In the physical market, the FOB Singapore 92 RON gasoline crack against the front-month ICE Brent crude oil futures also weakened, with the notional crack at around $7.00-$7.20/b. The physical crack was assessed at $7.66/b at the Asian close Wednesday.

The fall in paper and physical cracks were pressured by a lower RBOB/Brent crack, which as a result of the US stock build was seen lower early Thursday in Asia at around $11.65/b at 0300 GMT in Singapore, S&P Global Platts data showed, sliding further for the third consecutive day.

As Asian gasoline crack tracks the RBOB crack closely, a fall in the US RBOB would exert downward pressure on the Asian gasoline market.

Bucking analysts' expectations of a drawdown, total US gasoline inventories hit the highest level since March 2019, rising by 1.92% to total 235.172 million barrels in the week ended August 2, data from the US Energy Information Administration showed. Stocks were last higher in the week ended March 29 at 236.839 million barrels.

Total US gasoline stocks were expected to fall around 1.4 million barrels on the back of strong summer demand for refined products, a late-Monday analysis by Platts showed.

ICE Brent crude futures and US NYMEX RBOB futures have also declined this week as rising geopolitical tensions between the US and China exacerbated concerns of a prolonged trade dispute between the two countries.

Still, the backwardation in timespreads for Asian gasoline remained firm with balance August/September swap spread at $1.64-$1.65/b, while the September/October swap spread was pegged at plus $1.05-$1.10/b.

At the Asian close Wednesday, the balance August/September swap spread was assessed at plus $1.62/b and the September/October swap spread was assessed at plus $1.09/b, Platts data showed.

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