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European spot prices tumble despite steady demand

机译:欧洲现货价格下跌,尽管稳定需求

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Spot product prices slid in the week to July 20. Moderate demand was not enough to overcome stockbuilds and imports. Ultra-low-sulfur diesel differentials were pressured by the report of ARA gasoil inventories rising, but they had received some support from a build of similar volume in US middle-distillate inventories. Low water levels continued to subdue activity along the Rhine River and Danube River supply routes, although overall demand throughout the region was said to be strengthening. Storage economics have been perking up since forward demand cover has been low. Diesel cracks showed some improvement on Wednesday and Thursday, but then reports of an upcoming influx of shipments from Asia into Europe flattened out the growth. Benchmark diesel refining margins showed some strength, reaching $13.0958/bbl on Thursday.
机译:本周产品现货价格下跌7月20日。温和的需求并不足以克服stockbuilds和进口。差异是迫于ARA的报告轻油库存上升,但他们已经收到一些支持从一个在美国建立类似的体积中间馏份库存。继续沿着莱茵河征服活动河和多瑙河供应路线,虽然据说整个地区的整体需求是加强。满足未来回暖以来需求低。周三和周四,但随后的报告从亚洲到即将涌入的出货量欧洲增长夷为平地。炼油利润率显示一些力量,达到周四13.0958美元/桶。

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