Asia Distillates-Gasoil cracks inch down, cash premiums rise

Persistently rising coronavirus cases in key markets including India, Vietnam, South Korea and Malaysia are weighing heavily on regional industrial activity, market watchers said.

SINGAPORE: Asian refining margins for 10 ppm gasoil inched lower on Thursday, despite weaker feedstock crude prices, as lingering COVID-19 concerns continued to weigh on market sentiments.

Refining margins for 10 ppm gasoil dipped by a cent to $8.62 per barrel over Dubai crude during Asian trade even as crude oil prices fell for the first session this week, cutting short a three-day rally.