All international swaps slipped on Monday with crude down just over half a dollar. CP had the strongest reaction with its front month contracts down by double digits.
August and September cif ARA failed to have any large deals during the 16:15-16:30 liquidity session but August cif ARA had two mini deals each for 1,000t at $457/t during assessment timeframe. $457/t was deemed representative for August cif ARA, down $5/t from Friday. The August-September contango spread narrowed slightly by $0.25/t to $5.75/t, placing September cif ARA at $462.75/t, losing $5.25/t.
August naphtha lost $3.25/t to $550.50/t, expanding the propane-naphtha differential by $1.75/t to -$93.50/t, the widest this month July.
August AFEI shed $6/t to $527/t, narrowing the east-west spread by $1/t to $70/t.
August CP had the largest loss of all international swaps, falling $14.50/t to $526/t.
Reported done ($/t)
457(1kt), 457(1kt) Aug cif ARA (16:15-16:30)
475(7kt) Nov cif ARA
526(5kt), 525(5kt), 524(2kt), 526(20kt), 526(10kt), 526(18kt) Aug CP
533(4kt), 532(2kt), 530(3kt), 528(5kt) Sep CP
543(2kt), 542(10kt) Oct CP
-3.50(4kt), -4(2kt) Aug-Sep CP
-10(5kt) Sep-Oct CP
527(4kt), 526.50(2kt), 527(3kt), 527(2kt) Aug AFEI
550(8kt) Dec AFEI
-23(5kt) Aug-Dec AFEI
70(3kt) Aug AFEI-cif ARA
0(3kt), 1(5kt) Aug AFEI-CP
1(3kt), 3(3kt) Sep AFEI-CP
