Rim Prod Ucts Intelligence Daily
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☆RIM PRODUCTS INTELLIGENCE DAILY ★No.8334 Mar 3 2021 Copyright(C) 2021 Rim Intelligence Co. All rights reserved. --TOKYO, 18:30 JST Mar 3 2021<Assessment Closing Time> ◎Notice ○Report on adherence to PRA principles Rim Intelligence uploaded the report of the governance, processes and controls relating to the adherence to the PRA principles outlined by International Organization of Securities Commissions (IOSCO) based on reasonable assurance on Dec 24, 2020. All of the daily reports of Rim Intelligence are subject to the principles. Please visit the following website for perusal. <Reports> Bunker Oil, Crude/Condensate, Asia Products (Products), LPG, Lorry Rack, Japan Products, Petrochemicals, LNG, Power https://www.rim-intelligence.co.jp/contents/info/pramenuEng4/ ○Introduction of Rim Trading Board (RTB). Rim Intelligence Co is operating "Rim Trading Board (RTB)", in which market players are able submit to offers/bids/deal prices by themselves to Rim Intelligence. RTB is managed on Rim's website. Rim considers the information on RTB when we make assessments of each oil product in our Rim Products Report. The information on RTB is open to all market participants for free. Please go to the link below to see how to use and register to RTB. https://www.rim-intelligence.co.jp/rtb/oil/index.html Intelligence Daily Intelligence You can also see the VIDEO clip for RTB. https://www.youtube.com/watch?v=JXygTjDxypA ◎RECX-22 index RECX-22 index for Wednesday was 102.56, down 1.32 points from the previous day. --------------------------------------------Introduction of Rim reports---------------------------------------------- Please access the URL below for a lineup of Rim reports. You can view sample reports as well as Products detailed explanations on the contents: https://eng.rim-intelligence.c.o.jp/report/ Lineup: Bunker Oil Crude/Condensate Products Rim LPG Petrochemicals Polyolefins LNG Power Daily Data Rim Data File For inquiries on the above, please contact: Tel: +81-3-3552-2411 Email: [email protected] RIM INTELLIGENCE Products 3F Yaesudori Hata Bldg, 1 Chome 9 - 8 Hatchobori, Chuo - ku, Tokyo Japan T e l : 8 1 - 3 - 3552- 2411 F a x : 8 1 - 3 - 3552- 2415 e - mail:info@rim - intelligence.co.jp ◎Japan Domestic Waterborne Spot Market (Barges FOB Refinery/Primary Storage, in Yen/kl) Tokyo Bay (Keihin/Chiba) West Japan (Hanshin/Setouchi) Fixed Price Floating Fixed Price Floating Gasoline + 59,000 - 59,500 1,200 / 1,700 + 59,000 - 59,500 1,200 / 1,700 Kerosene +- 54,400 - 55,200 -700 / 100 +- 54,300 - 55,300 -800 / 200 Gasoil-0.001%S -+ 60,300 - 61,200 300 / 1,200 -+ 59,800 - 60,700 300 / 1,200 AFO-0.5%S ++ 58,500 - 59,500 1,100 / 2,100 ++ 59,000 - 59,500 1,600 / 2,100 AFO-0.1%S ++ 59,000 - 60,000 1,100 / 2,100 ++ 59,500 - 60,000 1,600 / 2,100 LSCFO-0.3%S + 47,500 - 48,500 -500 / 500 + 47,500 - 48,500 -500 / 500 HSCFO-3.0%S 42,000 - 43,000 -500 / 500 42,000 - 43,000 -500 / 500 Marine Fuel Oil VLSFO-0.5%S 50,500 - 51,500 50,500 - 51,500 HSCFO-3.0%S 42,000 - 43,000 42,000 - 43,000 Floating price assessments in premiums or discounts against Rim monthly average On the 26th of the current month (or the next business day in case the 26th is a holiday) when the price assessments shift to trades for lifting in the next month, the comparison of the price with that of the day before is not indicated. -Tokyo Bay Refinery Rack Index- Gasoline 56,975 +125 Kerosene 59,275 +1,175 Gasoil-0.001%S# 59,500 +650 AFO-0.5%S 58,500 +1,450 LSAFO-0.1%S 59,000 +1,450 # before-tax gasoil -Japan Crude Cocktail or JCC(MOF CIF Japan Crude Prices, in Yen/kl)- 20/12/01-31 29,123r 21/01/01-31 32,625r 21/02/01-28 due out on Mar 17 20/12/01-10 28,890 21/01/01-10 31,169 21/02/01-10 35,866 20/12/11-20 28,973 21/01/11-20 32,753 21/02/11-20 due out on Mar 05 20/12/21-31 29,378 21/01/21-31 33,516 21/02/21-28 due out on Mar 17 ◎Japan Product Paper Swap Assessments (FOB Tokyo Bay in Yen/kl) Mar Apr May Gasoline + 59,000 - 59,500 + + 55,400 - 56,400 + + 54,900 - 55,900 + Kerosene - 54,400 - 55,200 - + 55,800 - 56,800 + 55,300 - 56,300 Gasoil + 60,300 - 61,200 + + 59,700 - 60,700 + + 59,200 - 60,200 + AFO-0.5%S + 58,500 - 59,500 + + 57,900 - 58,900 + + 57,500 - 58,500 + AFO-0.1%S + 59,000 - 60,000 + + 58,400 - 59,400 + + 58,000 - 59,000 + LSCFO 47,500 - 48,500 - 46,900 - 47,900 - - 46,500 - 47,500 - HSCFO 42,000 - 43,000 - 41,400 - 42,400 - - 41,000 - 42,000 - ◎TOCOM Energy Futures (FOB Tokyo Bay Refinery/Primary Storage in Yen/kl) Open High Low Settle Change Volume Gasoline Apr 53,750 54,350 53,750 54,350 +270 36 May 53,890 53,890 53,650 53,860 +130 50 Jun 53,050 53,500 53,050 53,460 +310 44 Jul 52,580 53,020 52,580 52,950 +300 22 Aug 52,250 52,450 52,150 52,400 +170 155 Sep 51,680 52,180 51,680 52,020 +80 39 Total 346 Kerosene Apr 54,810 54,810 54,810 54,810 +70 1 May 53,570 54,490 53,570 54,280 -60 34 Jun 54,240 54,240 53,910 54,210 +150 53 Jul 53,540 53,710 53,540 53,710 +170 26 Aug 52,730 53,330 52,730 53,020 +140 21 Rim reports are copyrighted publications. 1 RIM INTELLIGENCE Products 3F Yaesudori Hata Bldg, 1 Chome 9 - 8 Hatchobori, Chuo - ku, Tokyo Japan T e l : 8 1 - 3 - 3552- 2411 F a x : 8 1 - 3 - 3552- 2415 e - mail:info@rim - intelligence.co.jp Sep 52,750 53,330 52,750 53,160 +40 7 Total 142 Gasoil Apr - - - 58,700 +400 - May - - - 58,200 +200 - Jun - - - 57,900 +300 - Jul - - - 57,500 +300 - Aug - - - 57,100 +300 - Sep - - - 56,800 +300 - Total - Crude oil Mar 41,090 41,530 41,030 41,480 +130 51 Apr 40,700 41,050 40,520 40,930 -110 182 May 40,400 40,720 40,170 40,570 +90 57 Jun 39,840 40,300 39,790 40,210 +140 332 Jul 39,450 39,910 39,420 39,870 +230 1,998 Aug 39,150 39,600 39,100 39,550 +220 1,757 Total 4,377 In contracts of 50 kiloliters Open interest(03/02)(Short): Gasoline 1,542 Kerosene 1,072 Gasoil 0 Crude oil 113,019 Open interest(03/02)(Long) : Gasoline 1,542 Kerosene 1,072 Gasoil 0 Crude oil 113,019 ◎CFR Japan MR Cargoes (Naphtha and FO in $/mt, Others in $/bbl) -Physical- -Premium- Import Cost(Yen/kl) Naphtha - 576.75 - 582.00 - 43,712 Apr 2nd-half ** - 586.25 - 586.75 - 9.25 / 9.75# May 1st-half - 581.50 - 582.00 - May 2nd-half - 576.75 - 577.25 - Jet/Kerosene + 67.70 - 67.80 + 1.60 / 1.70 49,076 Gasoil 0.001%S + 69.45 - 69.55 + 0.70 / 0.80 50,667 FO 0.3%S - 489.25 - 499.25 - 123.00 / 133.00* 54,988 FO 380cst 3.5%S - 356.75 - 357.75 - -4.50 / -3.50 40,591 --Exchange rate (TTS Yen/$ as of Mar 03) 107.78 (MUFG Bank) *Premium in density at 0.95 #Price gap between first half-month and third half-month is reference information. **Index price for reference The yen/kl price for jet/kerosene includes Yen 2,800/kl petroleum tax and Yen 346/kl import duty. The yen/kl price for gasoil 0.001%S includes Yen 2,800/kl petroleum tax and Yen 750/kl import duty. The yen/kl prices for FO 380cst and LSFO include Yen 2,800/kl petroleum tax and Yen 249/kl import duty. ◎FOB Japan MR Cargoes (HSFO in $/mt, Others in $/bbl) -Physical- -Premium- Export Cost(Yen/kl)* Jet/Kerosene + 65.95 - 66.05 + -0.15 / -0.05 47,129 Gasoil CARB DIESEL + 68.10 - 68.20 + -0.65 / -0.55 48,573 Gasoil 0.001%S + 67.85 - 67.95 + -0.90 / -0.80 48,405 FO 380cst 3.5%S - 344.75 - 345.75 - -16.50 / -15.50 38,744 --Exchange rate (TTM Yen/$ as of Mar 03) 106.78 (MUFG Bank) *Yen/kl prices include Yen 2,800/kl refund. ◎FOB Singapore Cargoes (FO in $/mt, Others in $/bbl) -Physical- -Premium- Mogas 97RON + 71.60 - 71.70 + 3.10 / 3.20* 95RON + 69.90 - 70.00 + 1.40 / 1.50* 92RON + 68.45 - 68.55 + -0.25 / -0.15* Naphtha - 63.60 - 63.70 - 0.80 / 0.90 Jet/Kerosene + 65.65 - 65.75 + -0.45 / -0.35 Rim reports are copyrighted publications. 2 RIM INTELLIGENCE Products 3F Yaesudori Hata Bldg, 1 Chome 9 - 8 Hatchobori, Chuo - ku, Tokyo Japan T e l : 8 1 - 3 - 3552- 2411 F a x : 8 1 - 3 - 3552- 2415 e - mail:info@rim - intelligence.co.jp Gasoil 0.001%S + 68.50 - 68.60 + -0.25 / -0.15 Gasoil 0.05%S + 67.30 - 67.40 + -1.45 / -1.35 FO 0.5%S + 477.50 - 487.50 + -2.50 / 7.50 FO 180cst 3.5%S - 366.25 - 367.25 - 0.00 / 1.00 FO 380cst 3.5%S - 361.75 - 362.75 - 0.50 / 1.50 * Premium to FOB Singapore Mogas 92RON.