NEW DELHI, March 9 (Reuters) - Asia’s naphtha crack soared 33% on Monday as an expanding conflict between the U.S. and Iran choked supplies from the Middle East to eastern steam crackers, forcing suspension of operations at several operators.
The margin rose to about $233 per metric ton over Brent crude from about $177 in the previous session.
The backwardation between second-half April and second-half May cargoes widened to $72 per ton.
The gasoline crack eased slightly to around $21 per barrel over Brent crude on Monday.
<h3>NEWS</h3>
<ul>
<li>Oil prices surged over $119 a barrel, hitting levels not seen since mid-2022, on Monday as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding U.S.-Israeli war with Iran. (O/R)</li>
<li>Saudi Aramco has offered more than 4 million barrels of Saudi crude in rare tenders as the U.S.-Iran conflict disrupts exports from the Middle East, several traders said.</li>
</ul>
<h3>PRICES</h3>
CASH ASIA Chan Prev RIC
CLOSE ge Close
OSN Naphtha CFR 1045.25 223. 822.25 

Japan M1 ($/mt) 00 TYO&gt;
OSN Naphtha CFR 973.25 201. 772.25 

Japan M2 ($/mt) 00 TYO&gt;
OSN Naphtha Diff 72.00 22.0 50.00 

($/mt) 0 -DIF&gt;
Naphtha Netback 114.14 24.7 89.36 

FOB Sing ($/bbl) 8 &gt;
Naphtha-Brent 233.90 56.7 177.18 

Crack ($/mt) 3 -CRK&gt;
Gasoline 97 135.88 16.8 119.08 

($/bbl) 0 N&gt;
Gasoline 95 134.67 16.8 117.87 

($/bbl) 0 N&gt;
Gasoline 92 130.00 16.8 113.20 

($/bbl) 0 N&gt;
Gasoline crack 21.82 -5.3 27.19 

($/bbl) 7 N-CRK&gt;
For a list of derivatives prices, including
margins, please double click the RICs below.
Brent M1 

GMc1
*
Naphtha CFR Japan 

M1 PSWMc1
*
Naphtha CFR Japan 

M1/M2 PSDMc1
*
Naphtha CFR Japan 

M2 PSWMc2
*
Naphtha 

Japan-Sing SPDMc1
*
Netback M1
Naphtha 

Japan-Sing SPDMc2
*
Netback M2
Naphtha FOB Sing 

<h3>M1</h3>
*
Naphtha FOB Sing 

M1/M2 GSDMc1
*
Naphtha FOB Sing 

<h3>M2</h3>
*
Naphtha Cracks M1 

PCKMc1
*
East-West Naphtha 

M1 WMc1
*
East-West Naphtha 

M2 WMc2
*
NEW Naphtha M1 

EAMc1
*
NEW Naphtha M1/M2 

*
NEW Naphtha M2 

EAMc2
*
Crack NEW 

Naphtha-Brent M1
*
Crack NEW 

Naphtha-Brent M2
*
*Sing refers to
Singapore

CRAK

Reuters

VanEck Oil Refiners ETF

ISHRS S&P Glb Engy

SPDR O&G Equip

VanEck Oil Services ETF

Bosera CSI Oil & Gas Resources Index ETF

SPDR Energy Select

ChinaAMC CSI Petrochemical Industry ETF

China Universal CSI Oil & Gas Resources ETF

Invesco Oil & Gas Services ETF

United States Oil Fund LP

Us Brent Oil

ICBCCS CSI Guoxin Central-SOEs Modern Energy ETF

GF CSI All Share Energy ETF

iShares US Oil Equip & Svcs

iShares US Oil & Gas Expl & Prod

SPDR O&G Ex & Prd

Pro Ultr Bloomberg Crude Oil

China Universal CSI Energy ETF

Guotai CSI Oil & Gas Industry ETF

VG Energy

Asia Naphtha/Gasoline-Naphtha crack surges 33% on supply disruption