Asia light ends: Key market indicators for July 26-30
The direction of Asia’s light ends markets was mixed in mid-morning trade July 26, with gasoline driven up by a stronger US RBOB-Brent crack; though this may be balanced by ample Chinese exports in August.
LPG was poised to see a third consecutive increase in term contract prices for August as swaps values remained firm at the start of the July 26-30 trading week, while naphtha was supported by crude oil even though end-user demand was muted.
Front-month ICE September Brent crude futures stood at $73.74/b at 11:47 am Singapore time (0347 GMT) July 26, down 36 cents/b from the previous close.
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