Singapore 10 ppm Gasoil Swaps Trend Down

Asia and Middle Eastern Gasoil Daily Market Analysis / FOB Singapore 10 ppm sulfur gasoil cash differential holds 17-day rally / Fujairah’s middle distillate stocks up 0.4% WOW

Jun 02, 2026

The Asian ultra-low sulfur gasoil market softened on March 25 following optimism stemming from US-led efforts for a ceasefirein the Middle East. Brokers pegged the front-month April-May Singapore gasoil swaps time spread — an indicator of near-term market outlook — at $28.98/b in midafternoon Asian trading on March 25, $3.45/b narrower from $32.43/b at the 0830 GMT Asian close on March 24. On physicals, the benchmark cash differential for FOB Singapore 10 parts per million sulfur gasoil had risen for 17 consecutive sessions, up 40 cents/b day over day and 35.48% week over week to a fresh record high of $53.73/b on March 24. On tenders, India’s MRPL issued a spot tender offering 40,000 mt of high-speed diesel loading over March 29-30 from New Mangalore via a tender that closed...

Exclusive market movement data, shipping lineups, demand signals and pricing rationale continue in full report.

Unlock complete article access with a paid account.

Continue Reading With Membership

This is a preview. Login and activate a paid plan to read the complete article.