Asia Distillates-Soft market trend persists, China majors offer more April jet fuel
Asia’s middle distillates market extended its soft trend against a backdrop of persistently weak regional supply fundamentals going into April and mixed demand expectations, with margins declining for the sixth week. April spot discussions remained brisk through the week as key refiners came out with their sale offerings, weighing on supply fundamentals, though some India-origin offers remained to be seen. The paper market was briefly in a contango as a result of the weak physical market fundamentals mid-week, but subsequently it went back to a backwardated price structure tracking the ...
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