Asia Distillates: Feb refiner sales continue; cash premiums decline
Asia’s middle distillates markets recorded a slew of February spot tenders as a handful of refiners continued to clear their requirements, while margins slipped to a near two-month low. Offers stayed brisk, with South Korea’s GS Caltex continuing its sales in line with earlier expectations, though some traders are expecting February offers to be slightly fewer than January ahead of the refinery maintenance season. At least one China refiner was also in discussion for some February cargoes, though further details could not be confirmed. Meantime, Vietnam’s Petrolimex sought its February ...
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