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Asia spot prices slide as product inventories rise.

机译:亚洲产品库存现货价格下滑上升。

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Spot product prices fell across the board in the week to Jan. 20, with fuel oil posting steep drops, as weekly stocks recorded big builds. Gasoil margins continued to rise, driven up by strong prompt demand, particularly from Indonesia, Sri Lanka, and the UAE. Indonesian Pertamina has ramped up imports of diesel and other fuels in Jan. for planned maintenance at its 125K-b/d Balongan and 260K-b/d Balikpapan refineries. Diesel imports were expected to hit 1.2MM bbl for the month, a company source said. Also, Sri Lankan Ceypetco has increased its spot imports, as it has yet to award its H1 term contract for products, traders noted. However, sentiment was more bearish on the supply side, as data later in the week showed a spike in middle distillate inventories. Gasoil and jet fuel differentials slid as Singaporean stocks jumped to a five-week high, more man offsetting a steep decrease notched in the week prior. Also, market players had recendy amassed some diesel stocks on anticipation of shipments to Europe, where a cold snap was expected to pull barrels from Asia, but the demand had yet to materialize. "Europe is actually very weak, so I don't see us sending cargoes there soon," a trader remarked.
机译:现货产品价格全面下跌星期1月20日,燃油发布陡峭下降,每周库存记录大构建。轻油利润率继续上涨,推高了提示的强劲需求,尤其是从印尼、斯里兰卡、和阿联酋。印尼国家石油公司的柴油和加大进口在1月计划维护其他燃料125年k-b / d Balongan和260 k-b / d巴厘巴板炼油厂。1.2毫米逾月,公司消息人士称。同时,斯里兰卡Ceypetco增加了它的位置进口,因为它尚未授予其H1合同产品,交易商称。在供应方面,的看法更加悲观在本周晚些时候公布的数据显示中间馏分油库存。差异作为新加坡股市上涨下跌五周高位,更多的人抵消陡峭在前一周减少切口。球员recendy积累了一些柴油股票出口到欧洲的预期,感冒提前预计将桶来自亚洲,但是尚未实现的需求。实际上很虚弱,所以我看不出我们发送货物很快,”一位交易员表示。

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