立即注册,

不到 60 秒您即可继续访问:最新资讯提要分析主题和专题大宗商品视频、播客和博客样本市场价格和数据专题报道订阅用户通知和每日大宗商品电子邮件提醒

已有帐户?

登录以注册

忘记密码

请注意:Platts Market Center 订阅用户只能通过 Platts Market Center 重置密码

请在下面输入您的电子邮件 ID,我们将给您发送一封包含您密码的电子邮件。


  • 电子邮件地址* 请输入电子邮件地址。

如果您是高级订阅用户,出于安全原因,我们无法向您发送您的密码。请联系客服团队

如果您是 Platts Market Center 订阅用户,若要重置密码,请转到 Platts Market Center 重置您的密码。

在此列表中
电力 | 天然气 | 石油 | 船运

Market Movers Americas, July 27-31: ULSD's discount to RBOB narrows as diesel supply thins

船运

Platts Dirty Tankerwire

石油 | 原油 | 成品油 | 股票 | 金融服务 | 私募市场

north-american-crude-oil-exports

金属 | 有色金属

到2025年,俄罗斯拟供应全球3.5%的锂

观看: Market Movers Americas, July 27-31: ULSD's discount to RBOB narrows as diesel supply thins

In this week's Market Movers: an unusual discount held by NYMEX ULSD futures versus NYMEX RBOB is narrowing as a glut in US Atlantic Coast diesel supply thins, and US steel mill utilization is returning as automotive production recovers.

* Weather delays may tighten tanker tonnage

* New export terminals load first cargoes

* Hot weather driving up PJM prices

Platts Live

查看完整文稿

In this week's Market Movers: rising US oil rig counts might signal drilling declines have reached a bottom; President Donald Trump may raise tariffs on Canadian aluminum imports; and rainy weather continues to weigh on US grain prices.

But first, Platts has launched a new benchmark for US crude oil, Platts American GulfCoast Select, or AGS. The assessment reflects light, sweet crude supplied direct from the Permian Basin on specified pipelines. AGS uses the Platts Market on Close assessment process with an end-of-day value, with bids, offers and transactions reflecting prices as determined by buyers and sellers in the open markets. Platts AGS reflects the value of the crude loading FOB US Gulf Coast, 15 to 45 days ahead.

In crude, the Brent/WTI spread reached its lowest level since 2017 in June, as you can see in the graphic. The spread had averaged just over $2.30/b this month, suggesting that US crude exports loading in late July and August could see a dip.

That said, export economics will get some help from lower freight costs with the US to UK Aframax rate falling to as low as $1.31/b earlier this month, the lowest level since July 2018.

At the same time, the US oil drilling rig count had its first week-on-week increase since late February, according to rig data provider Enverus. It ended June 24 with 195 rigs total, one more than a week earlier. The uptick could signal that the rig count has hit bottom and the downturn from the pandemic may be in the rearview mirror, although observers say new drilling likely won't begin to recover until next year.

In LNG, US liquefaction terminal utilization will face new pressure this week, with customers having canceled approximately 45 cargoes scheduled to be loaded during the month starting July 1. Fewer loadings mean less feedgas delivered to those terminals and that trickles down to interstate pipeline operators, shale drillers and tanker owners. Terminal utilization was recently at its lowest level in over a year due to the coronavirus pandemic effects.

President Donald Trump is considering whether to reimpose Section 232 aluminum tariffs on Canada as early as July 1, the same day the USMCA trade agreement is set to start. This has drawn backlash from many industry leaders, including the Aluminum Association, which represents US aluminum companies throughout the value chain. Section 232 tariffs on steel and aluminum imports were first implemented in 2018. Canada and Mexico were granted exemptions from the tariffs last year, but the American Primary Aluminum Association has lobbied US Trade Representative Robert Lighthizer to remove Canada's exemption status. They claim that Canadian imports have harmed the US industry.

The grid operator of the largest US wholesale power market is making multiple changes to power price formation that will impact its markets, as a July 6 deadline for a key piece of the puzzle nears.

PJM Interconnection has been working toward using forward power and natural gas prices to calculate an important metric used in some of its largest markets, including the energy and capacity markets.

Approval from federal regulators will be key in getting its delayed annual capacity auction schedule back on track. The PJM markets, power generation and transmission network supply power to 65 million people in all or parts of 13 states and the District of Columbia.

Rain forecasts across many of the US crop growing states will continue to weigh on prices, as corn and soybeans receive mid-growing season moisture. Market participants expect a June 30 crop estimate from the USDA to show corn acreage lower, at 95 million acres. At the same time, lower demand driven by the pandemic continues to push corn stock levels higher, leaving exporters trying to entice business before September's harvest in the US. Rising US ethanol production continues to provide an outlet for corn supply, though uncertain demand for biofuels in the third quarter has sidelined some buyers.

For more on all the issues affecting commodity markets, please check out Platts Live, a new section of our website that has been created for our customers to continue engaging with us, and each other. You can find it at the address displayed on your screen.

Thanks for kicking off your Monday with us and have a great week ahead.