Asia's naphtha crack edged down six cents to touch a 2-1/2 week low of $78.78 a tonne on Friday, while spot trades were mostly muted as the Lunar New Year drew some participants away. Buying had been brisk between Monday and Thursday, where South Korea and Taiwan snapped up at least 300,000 tonnes of naphtha for March delivery.
India's BPCL has offered 35,000 tonnes of naphtha for Feb. 9-10 loading from Mumbai through a tender due to be awarded on January 28.
India's MRPL has offered 35,000 tonne of gasoline for Feb. 20-22 loading from New Mangalore through a tender which closes on Jan. 30.
Asia's gasoline crack was at one week high of $4.67 a barrel, with inventories in Europe and Singapore seen lower as opposed to record high volumes in the United States.
Gasoline stocks held independently at the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub dropped by almost 10% in the week to a one-month low of 1.014 million tonnes in the week to Thursday, data from Dutch consultancy Insights Global showed.
Singapore's onshore light distillates stocks, which comprise mostly gasoline and gasoline blending components, eased in the week to Wednesday to a two-week low of 12.972 million barrels, data from Enterprise Singapore showed.
Gasoline stockpile in the United States grew for an 11th consecutive week, this time by 1.7 million barrels to hit an all-time high of 260 million barrels in the week to Jan. 17, the Energy Information Administration said on Thursday.
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