亚洲石脑油裂解价差升至六周高点

据ICIS 网站11月26日新加坡报道，亚洲的石脑油裂解价差升至六周高位，因稳定的需求有助于吸收供应，预计短期内将持续。

11月25日，石脑油对1月份即期ICE布伦特原油期货的裂解价差为95.40美元/ 吨，高于一周前的73.55 美元/吨。

裂解价差是衡量产品精炼利润率的指标，最近一次出现在每吨90美元以上是在10月中旬。

据ICIS的数据显示，周二上午，公开规格石脑油的价格为每吨573.美元CFR (成本和运费)日本，与前一天的价格持平，比一周前上涨了约4%。

石脑油需求与1月份货物现货采购一致，为吸收供应提供了支持。

韩国韩华道达尔石化公司（Hanwha Total Petrochemical）确保明年1月上半月石脑油货物的交付，尽管与之前购买的12月上半月的货物价格相比溢价有所缓解。

韩国Yeochun NCC（YNCC）也在1月上半月交货的现货石脑油中提价，较CFR日本的现货报价高约23美元 / 吨。

在中东，现货价格在一定程度上受到市场预期的提振，市场预期本月抵达的货物较少，从而支撑了该地区的价格。

ICIS数据显示，11月25日，中东石脑油现货船上交货价格为518.12美元/吨，较一周前上涨4％。

石脑油的远期市场结构存在着广泛的现货溢价，1月上半月的价格较2月上半月高出22美元/吨，反映出市场基本面稳固。

郝芬 译自 ICIS

原文如下：

Asia naphtha crack spread at six-week high; demand holds up

Asia’s naphtha crack spread rose to six-week highs, as steady demand helps to absorb supply, which is expected to be sustained in the near term.

On 25 November, naphtha’s crack spread to prompt-month ICE Brent crude oil futures for January stood at $95.40/tonne, up from week-earlier levels of $73.55/tonne.

The crack spread, a measure of the product’s refining margin, was last seen at above $90/tonne in mid-October.

On Tuesday morning, open-specification naphtha prices were at $573.00/tonne CFR (cost and freight) Japan basis, on par with the previous day’s session and up by some 4% from a week earlier, ICIS data showed.

Consistent naphtha demand with January cargo spot purchases provided support in soaking up supply.

South Korea’s Hanwha Total Petrochemical secured naphtha cargoes for first-half January delivery, even though premiums have eased from its previous purchase of first-half December shipments.

South Korea’s Yeochun NCC (YNCC) also raked in first-half January delivery spot naphtha at a premium of around $23/tonne to spot CFR Japan quotes.

In the Middle East, spot prices were in part buoyed by market expectations of lesser cargo arrivals this month, supporting prices in the region.

Spot naphtha FOB (free on board) Middle East prices on 25 November were at $518.12/tonne, up 4% from a week earlier, according to ICIS data.

Naphtha’s forward market structure stood at a wide backwardation, with prompt-month first-half January prices $22/tonne higher than first-half February, reflecting firm market fundamentals.