Daily Chemical News Recommendation (Aug 21 2018)
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>> Mideast gasoline appetite draws in fresh shipments from Europe, Asia
The bullish East of Suez gasoline market was drawing fresh gasoline barrels from Europe and Asia following supply woes at a time of robust demand, market sources said Friday.
Last week, up to six Long Range 1 tankers were heard chartered to move European gasoline to the Persian Gulf, and an additional LR1 tanker from Singapore was slated to lift gasoline to PG as well. [More]
>> US export interest prevents fall in European benzene despite length
Export demand has prevented a fall in European benzene spot prices despite length in the market, according to sources this week.
The 5-30 day forward benzene spot price was last assessed Thursday at $872.50/mt CIF ARA, up from $862/mt a week ago. Spot benzene has risen in the past week despite a decline in upstream crude oil prices and continued length in the market. [More]
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