Asia Distillates-July spot sales tick up; diesel timespreads ease

Hindustan Petroleum

04/06/2026 11:33

    SINGAPORE, June 4 (Reuters) - Asia's diesel and jet fuel spot activity turned upbeat as refiners started July sales, though window trades were still absent for this week and diesel timespreads softened slightly.
At least one southeast Asia and one northeast Asia refiner were out with spot sale tenders. MDIS/TENDA
Meanwhile, the east-west price spreads widened back to discounts of nearly $30 per metric ton，with Asian swaps slipping at a faster pace. 
Refining margins GO10SGCKMc1 cooled and closed the trading session at around $49 a barrel.     
Cash differentials GO10-SIN-DIF declined slightly to roughly $5.5 a barrel as the market's backwardation structure eased from the previous session. 
Jet fuel exports are expected to stay elevated from South Korea this month, following a rise in May outflows. 
Some selling interest for July cargoes from northeast Asia also surfaced via spot tenders that close tomorrow. 
Regrade JETREG10SGMc1 firmed slightly to premiums of around $1 a barrel, reflecting the weakness in gasoil markets. 

SINGAPORE CASH DEALS O/AS
- No deal for gasoil or jet fuel 

INVENTORIES
- Singapore's middle distillates stocks declined for a third straight week to nearly a three-month low despite falling net exports, government data showed on Thursday. O/SING1 
- U.S. crude stocks drew more than expected last week as export and refining demand remained strong with many countries in Asia and Europe seeking to replace Middle Eastern oil and fuel supplies cut off by the Iran war, now in its fourth month. EIA/S 

REFINERY NEWS REF/OUT 
- Russia-backed Indian refiner Nayara Energy has completed the scheduled turnaround of its 400,000 barrels per day refinery at Vadinar in western Gujarat state, it said in a statement on Thursday. 

NEWS
- China will lower domestic retail price caps on gasoline and diesel from Friday in its second cut since the beginning of the Iran war, which has constrained global energy supplies and boosted global oil prices.
- Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz. O/R 
- India's Hindustan Petroleum Corp has bought 2 million barrels of oil from Brazil and West Africa via a tender for its 180,000 barrel-per-day (bpd) refinery in the desert state of Rajasthan, trade sources said on Thursday.
- Iranian oil prices slipped into discounts for the first time since April, while Russian crude premiums eased as traders cut prices to entice Chinese buyers amid sluggish demand, trade sources said.
   
PRICES
MIDDLE DISTILLATES




CASH ($/BBL)
ASIA CLOSE
Change
Prev Close
RIC
Spot Gas Oil 0.25% 
136.83
-3.99
140.82
GO25-SIN
GO 0.25 Diff
-7.01
-0.35
-6.66
GO25-SIN-DIF
Spot Gas Oil 0.05%
145.43
-3.99
149.42
GO005-SIN
GO 0.05 Diff
1.59
-0.35
1.94
GO005-SIN-DIF
Spot Gas Oil 0.001%
149.30
-3.73
153.03
GO10-SIN
GO 0.001 Diff
5.46
-0.09
5.55
GO10-SIN-DIF
Spot Jet/Kero
147.84
-0.97
148.81
JET-SIN
Jet/Kero Diff
2.76
0.27
2.49
JET-SIN-DIF





For a list of derivatives prices, including margins, please double click the RICs below.
Brent M1
BRENTSGMc1


Gasoil M1
GOSGSWMc1


Gasoil M1/M2
GOSGSPDMc1


Gasoil M2
GOSGSWMc2


Regrade M1
JETREGSGMc1


Regrade M2
JETREGSGMc2


Jet M1
JETSGSWMc1


Jet M1/M2
JETSGSPDMc1


Jet M2
JETSGSWMc2


Gasoil 500ppm-Dubai Cracks M1
GOSGCKMc1


Gasoil 500ppm-Dubai Cracks M2
GOSGCKMc2


Jet Cracks M1
JETSGCKMc1


Jet Cracks M2
JETSGCKMc2


East-West M1
LGOAEFSMc1


East-West M2
LGOAEFSMc2


LGO M1
LGOAMc1


LGO M1/M2
LGOASPDMc1


LGO M2
LGOAMc2


Crack LGO-Brent M1
LGOACKMc1


Crack LGO-Brent M2
LGOACKMc2



 (Reporting by Trixie Yap)
 ((trixie.yap@thomsonreuters.com;))