Chemicals Updates

Asia and Middle Eastern Gasoil Daily Market Analysis / Prompt backwardation last higher on May 19 / Vietnam’s gasoil imports double MOM to 548,046 mt in June

Jul 17, 2026

The Asian ultra-low sulfur gasoil market saw backwardation strengthen to a multi-week high on July 15 amid heightened US-Iran tensions. Brokers pegged the front-month August-September Singapore gasoil swaps time spread — an indicator of the near-term market outlook — at $7.75/barrel in midafternoon Asian trading July 15, lower compared to the two-month high of $8.66/b at the 0830 GMT July 14 Asian close. The timespread was last higher on May 19 at $8.96/b, data showed. The benchmark cash differential for FOB Singapore 10 parts per million sulfur gasoil extended gains for the fourth consecutive session, rallying $2.30/b day over day to $4.86/b July 14. Supply concerns were further exacerbated by the Ukrainian drone attacks on Russia’s Salavat refinery, previously reported. All three refineries in the Samara hub - Syzran, Kuybishev...

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.