U.S. Cash Products -Gulf Coast diesel falls on refinery, tradehouse selling

Gulf Coast Ultra Deep Royalty Trust

27/04/2021 22:26

NEW YORK, April 27 (Reuters) - U.S. Gulf Coast ultra-low sulfur
diesel cash differentials fell on Tuesday, traders said, as refiners
and tradehouses tried to sell the product in the region. 
    62-grade ULSD  ULSD-DIFF-USG  fell 1.75 cents, trading 6.5 cents
per gallon below the ultra-low sulfur diesel futures contract on the
NYMEX  HOc1 .
    A2 CBOB gasoline  CBOB-DIFF-USG  gained half a cent, trading 12
cents per gallon below futures, traders said.
    Chicago CBOB gasoline  CBOB-DIFF-MC  gained half a cent, trading
4 cents per gallon below futures, traders said.
    Elsewhere in the Midwest, Group 3 diesel  ULSD-DIFF-G3  fell a
quarter of a cent, trading 3 cents higher than the benchmark.
    In New York Harbor, M2 conventional gasoline  RU-DIFF-NYH  was
little changed, trading 3.25 cents per gallon below futures, traders
said.
    U.S. gasoline inventories fell by 1.2 million barrels and
distillate stocks fell by 2.4 million barrels last week, according
to two market sources, citing American Petroleum Institute figures.
 urn:newsml:reuters.com:*:nL1N2MK2XK
    The RBOB futures contract on NYMEX  RBc1  rose 4.18 cents to
settle at $2.0204 a gallon on Tuesday​.
    NYMEX ultra-low sulfur diesel futures  HOc1  rose 2.72 cents to
settle at $1.9057 a gallon on Tuesday.
    Renewable fuel (D6) credits  RIN-D6-US  for 2021 traded at $1.50
each, up from $1.44 in the previous session, traders said. 
    Biomass-based (D4) credits  RIN-D4-US  traded at $1.58 each, up
from $1.52 previously.
    U.S. renewable fuel credits hit the highest on record, as higher
costs for soybean oil pushed up both renewable fuel and
biomass-based credits, traders said.  urn:newsml:reuters.com:*:nL1N2MK1LO
                                    Latest day           
             Timing  NYMEX            Bid     Offer     Change
                     Contract                           
 U.S. GULF COAST <0#P-USG, PPIM> *                       
 Scheduling                                             
 A2 CBOB     Cycle   June RBOB      -12.25    -11.75    0.50
 gasoline    26                                         
                                                   
 M2          Cycle   June RBOB      -5.50     -5.00     0.00
 convention  26                                         
 al                                                     
 gasoline                                               
                                                     
 62-grade    Cycle   June HO        -6.75     -6.25     -1.75
 ULSD        26                                         
                                                   
 54-grade    Cycle   June HO        -21.25    -20.75    -0.25
 jet fuel    26                                         
                                                    
 Heating     Cycle   June HO        -29.00    -27.00    0.00
 oil         26                                         
                                                     
 
 NEW                     Bid    Offer  Change
 YORK                                  
 HARBOR                                
 <0#P-N                                
 YH,                                   
 PPIL>                                 
 M2      Prom  May RBOB  -3.50  -3.00  0.00
 conven  pt                            
 tional                                
 gasoli                                
 ne                                    
                                      
 F2      Prom  May RBOB  -1.75  -1.25  0.50
 RBOB    pt                            
                                    
 ULSD    Prom  May HO    -0.25  0.25   0.00
                                    
 Heatin  Prom  May HO    -17.0  -16.0  -0.75
 g oil   pt              0      0      
                                      
 Jet     Prom  May HO    -16.0  -15.5  0​
 fuel    pt              0      0      
                                     
 
 MIDWEST                Bid    Offer  Change
  0#P-G3 ,                            
  0#P-MC ,                            
                                   
 Chicag  Cyc  June      -4.25  -3.75  0.50
 o CBOB  le   RBOB                    
 gasoli  1                            
 ne                                   
                                    
 Chicag  Cyc  June HO   5.25   5.75   0.00
 o ULSD  le                           
                                    
 Group        May RBOB  -5.00  -4.50  0.00
 Three                                
 gasoli                               
 ne                                   
                                     
 Group        May HO    2.75   3.25   -0.25
 Three                                
 ULSD                                 
                                    
 
 (Reporting by Stephanie Kelly; Editing by David Gregorio)
 ((Stephanie.Kelly@thomsonreuters.com; 646-223-4471; Reuters
Messaging: stephanie.kelly.thomsonreuters.com@reuters.net))