U.S. Cash Products-Gulf Coast diesel little changed day after cycle change

Gulf Coast Ultra Deep Royalty Trust

06/10/2023 22:26

NEW YORK, Oct 6 (Reuters) - U.S. Gulf Coast ultra-low sulfur diesel cash differentials
were little changed on Friday, taking a breath after changing to trade on Colonial Pipeline's
58th cycle for delivery to New York Harbor during the previous session, market participants
said.
    Gulf Coast 62-grade ULSD  ULSD-DIFF-USG  was little changed, trading 4.25 cents per gallon
below the ultra-low sulfur diesel futures contract on the NYMEX  HOc1 .
    U.S. Gulf Coast M4 conventional gasoline  RU-DIFF-USG  gained 1 cent, trading 14 cents
higher than the gasoline futures benchmark on the New York Mercantile Exchange RBc1>, market
participants said.
    A3 CBOB gasoline  CBOB-DIFF-USG  gained 3 cents, trading 4 cents per gallon below futures,
traders said.
    Chicago CBOB gasoline  CBOB-DIFF-MC  fell 1 cent, trading 11 cents per gallon below futures,
traders said.​
    Chicago ultra-low sulfur diesel  ULSD-DIFF-MC  fell 10.25 cents, trading 42.5 cents per
gallon below diesel futures.
    Elsewhere in the Midwest, Group 3 V-grade gasoline  RUV-DIFF-G3  was little changed, trading
9 cents higher than the benchmark.
    Group 3 diesel  ULSD-DIFF-G3  fell a quarter of a cent, trading 9.25 cents higher than the
benchmark.
    In New York Harbor, M3 conventional gasoline  RU-DIFF-NYH  gained 8 cents, trading 30 cents
per gallon above futures, traders said.
    Diesel for delivery in New York Harbor  ULSD-DIFF-NYH  fell half a cent, trading 4.75 cents
per gallon above futures, traders said.
    The RBOB futures contract on NYMEX  RBc1  rose 0.32 cents to settle at $2.1922 a gallon on
Friday​. 
    NYMEX ultra-low sulfur diesel futures  HOc1  rose 3.21 cents to settle at $2.9008 a gallon
on Friday. 
    Renewable fuel (D6) credits  RIN-D6-US  for 2023 traded between 90 and 92 cents each on
Friday.
    Biomass-based (D4) credits  RIN-D4-US  traded at 91 and 92 cents each, traders said.
    
                                    Latest day           
             Timing  NYMEX            Bid     Offer     Change
                     Contract                           
 U.S. GULF COAST <0#P-USG, PPIM> *                       
 Scheduling                                             
 A3 CBOB     Cycle   November RBOB  -4.25     -3.75     3.00
 gasoline    58                                         
                                                   
 M4          Cycle   November RBOB  13.75     14.25     1.00
 convention  58                                         
 al                                                     
 gasoline                                               
                                                     
 62-grade    Cycle   November HO    -4.50     -4.00     0.00
 ULSD        58                                         
                                                   
 54-grade    Cycle   November HO    -19.50    -19.00    3.25
 jet fuel    58                                         
                                                    
 Heating     Cycle   November HO    -29.25    -28.75    -0.50
 oil         58                                         
                                                     
 
 NEW                     Bid    Offer  Change
 YORK                                  
 HARBOR                                
 <0#P-N                                
 YH,                                   
 PPIL>                                 
 M3      Prom  November  29.75  30.25  8.00
 conven  pt    RBOB                    
 tional                                
 gasoli                                
 ne                                    
                                      
 F4      Prom  November  3.25   3.75   -0.50
 RBOB    pt     RBOB                   
                                    
 ULSD    Prom  November  4.50   5.00   -0.50
                                    
 Heatin  Prom  November  -5.00  -4.50  1.25
 g oil   pt    HO                      
                                      
 Jet     Prom  November  -14.7  -14.2  1.25​
 fuel    pt    HO        5      5      
                                     
 
 MIDWEST                Bid    Offer  Change
  0#P-G3 ,                            
  0#P-MC ,                            
                                   
 Chicag  Cyc  November  -11.2  -10.7  -1.00
 o CBOB  le   RBOB      5      5      
 gasoli  2                            
 ne                                   
                                    
 Chicag  Cyc  November  -42.7  -42.2  -10.25
 o ULSD  le   HO        5      5      
                                    
 Group        November  8.75   9.25   0.00
 Three        RBOB                    
 gasoli                               
 ne                                   
                                     
 Group        November  9.00   9.50   -0.25
 Three        HO                      
 ULSD                                 
                                    
 
 (Reporting by Stephanie Kelly; Editing by David Gregorio)
 ((Stephanie.Kelly@thomsonreuters.com; 646-737-4649; Reuters Messaging:
stephanie.kelly.thomsonreuters.com@reuters.net))