Asia and Middle Eastern Gasoil Daily Market Analysis / China clean product exports likely steady in September / Singapore gasoil imports plunge near record lows

Aug 31, 2026

The Asian ultra-low sulfur gasoil market ticked upward on Aug. 28 despite the supply-demand balance for the upcoming October-loading cycle being expected to stay tepid. Brokers pegged the front-month September- October Singapore gasoil swaps time spread — an indicator of the near-term market outlook — at $5/ barrel in midafternoon Asian trading Aug. 28, widening from $4.62/b at the 0830 GMT Aug. 26 Asian close. The benchmark cash differential for FOB Singapore 10 parts per million sulfur gasoil dipped 5 cents/b day over day to $3.78/b on Aug. 27. Supply will likely continue to outpace demand for the upcoming October-loading trade cycle, with steady supply expected from North Asia. “For Korean refineries, there should be no issues, export volumes should be normal,” an Asia-based refiner said. China is likely to...

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