<p>亞洲的柴油市場活動在假期季節中連續第二個交易日保持低迷，儘管一些航空燃料的銷售仍在進行。</p>
<p>10ppm 硫含量的柴油市場結構略微走強，但交易窗口的討論仍然沉寂。</p>
<p>煉油利潤（GO10SGCKMc1）進一步下降至每桶約 18.60 美元，因為市場上薄弱的現貨流動性持續存在。</p>
<p>現金差價（GO10-SIN-DIF）略微上升至每桶 25 美分，反映出紙市場的輕微倒掛。</p>
<p>對於航空燃料，預計來自印度的部分波動量——20 萬噸或更多——將在 12 月裝船時抵達亞洲，Kpler 和 LSEG 的船舶跟蹤數據顯示，由於套利窗口早前有利於蘇伊士以東市場。</p>
<p>這些數量可能是自今年 1 月以來的最高水平，船舶跟蹤數據顯示。</p>
<p>中國的 WEPEC 通過今天截止的招標提供了第二個 1 月現貨貨物。</p>
<p>重整價（JETREG10SGMc1）進一步上升至每桶 70 美分，但現金差價（JET-SIN-DIF）仍然下降至每桶 1.64 美元，維持在兩個月的低點，因交易窗口的報價較低。</p>
<p>新加坡現金交易</p>
<p>- 沒有柴油和航空燃料的交易</p>
<p>庫存</p>
<p>- 美國原油、汽油和餾分油庫存在截至 12 月 19 日的一週內上升，因為煉油活動放緩且進口減少，美國能源信息署週一表示。</p>
<p>- 初步路透社調查顯示，美國原油庫存預計在上週下降，而餾分油和汽油庫存可能上升。</p>
<p>新聞</p>
<p>- Frontera Energy 的哥倫比亞子公司與美國石油巨頭雪佛龍的一個子公司簽署了一項價值高達 1.2 億美元的預付款和商業協議，以在兩年內供應原油，加拿大石油生產商周一表示。</p>
<p>- 世界最大石油出口國沙特阿拉伯預計將在 2 月份降低其旗艦阿拉伯輕質原油對亞洲買家的價格，連續第三個月下調，反映出由於供應充足而導致的現貨市場下跌，消息人士表示。</p>
<p>- 從哈薩克斯坦輸送石油的裏海管道聯盟表示，由於惡劣天氣，週一暫停了黑海終端的石油出口。</p>
<p>- 由於政策制定者面臨國內需求疲軟和工廠利潤下滑，以及與主要出口市場的貿易關係波動，中國的工廠活動預計在 12 月將連續第九個月收縮。</p>
<p>價格</p>
<table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>中間餾分</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>現金（$/桶）</td>
<td>亞洲收盤</td>
<td>變動</td>
<td>前收盤</td>
<td>RIC</td>
</tr>
<tr>
<td>現貨柴油 0.25%</td>
<td>79.47</td>
<td>0.36</td>
<td>79.11</td>
<td>(GO25-SIN)</td>
</tr>
<tr>
<td>GO 0.25 差價</td>
<td>-0.13</td>
<td>0.02</td>
<td>-0.15</td>
<td>(GO25-SIN-DIF)</td>
</tr>
<tr>
<td>現貨柴油 0.05%</td>
<td>79.02</td>
<td>0.36</td>
<td>78.66</td>
<td>(GO005-SIN)</td>
</tr>
<tr>
<td>GO 0.05 差價</td>
<td>-0.58</td>
<td>0.02</td>
<td>-0.60</td>
<td>(GO005-SIN-DIF)</td>
</tr>
<tr>
<td>現貨柴油 0.001%</td>
<td>79.85</td>
<td>0.37</td>
<td>79.48</td>
<td>(GO10-SIN)</td>
</tr>
<tr>
<td>GO 0.001 差價</td>
<td>0.25</td>
<td>0.02</td>
<td>0.23</td>
<td>(GO10-SIN-DIF)</td>
</tr>
<tr>
<td>現貨航空燃料/煤油</td>
<td>81.87</td>
<td>0.42</td>
<td>81.44</td>
<td>(JET-SIN)</td>
</tr>
<tr>
<td>航空燃料/煤油差價</td>
<td>1.64</td>
<td>-0.03</td>
<td>1.66</td>
<td>(JET-SIN-DIF)</td>
</tr>
<tr>
<td>有關衍生品價格的列表，包括利潤，請雙擊下面的 RIC。</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>布倫特 M1</td>
<td>(BRENTSGMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 M1</td>
<td>(GOSGSWMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 M1/M2</td>
<td>(GOSGSPDMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 M2</td>
<td>(GOSGSWMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>重整價 M1</td>
<td>(JETREGSGMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>重整價 M2</td>
<td>(JETREGSGMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料 M1</td>
<td>(JETSGSWMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料 M1/M2</td>
<td>(JETSGSPDMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料 M2</td>
<td>(JETSGSWMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 500ppm-迪拜裂解 M1</td>
<td>(GOSGCKMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 500ppm-迪拜裂解 M2</td>
<td>(GOSGCKMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料裂解 M1</td>
<td>(JETSGCKMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料裂解 M2</td>
<td>(JETSGCKMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>東西方 M1</td>
<td>(LGOAEFSMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>東西方 M2</td>
<td>(LGOAEFSMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LGO M1</td>
<td>(LGOAMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LGO M1/M2</td>
<td>(LGOASPDMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LGO M2</td>
<td>(LGOAMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>裂解 LGO-布倫特 M1</td>
<td>(LGOACKMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>裂解 LGO-布倫特 M2</td>
<td>(LGOACKMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
</tbody>
</table>

雪佛龍

<p>亞洲的柴油市場在假期期間保持平靜，10ppm 硫含量的柴油市場結構略有走強。煉油利潤降至每桶 18.60 美元，而現金差價上升至每桶 25 美分。航空燃料的現金差價降至每桶 1.64 美元，維持在兩個月的低位。美國原油和汽油庫存上升，而 Frontera Energy 與雪佛龍簽署了一項價值 1.2 億美元的協議。預計沙特阿拉伯將下調 2 月份阿拉伯輕質原油的價格，且由於惡劣天氣，裏海管道聯盟暫停了石油出口</p>

<p>Asia's diesel market activity remained tepid for a second consecutive session on Tuesday amid the holiday season, though some jet fuel sales were ongoing.</p>
<div class="lb-trans"><p>亞洲的柴油市場活動在假期季節中連續第二個交易日保持低迷，儘管一些航空燃料的銷售仍在進行。</p>
</div><p>The 10ppm sulphur gasoil market structures firmed slightly, though window discussions remained muted.</p>
<div class="lb-trans"><p>10ppm 硫含量的柴油市場結構略微走強，但交易窗口的討論仍然沉寂。</p>
</div><p>Refining margins (GO10SGCKMc1) fell further to around $18.60 a barrel as thin spot liquidity continued to permeate the market.</p>
<div class="lb-trans"><p>煉油利潤（GO10SGCKMc1）進一步下降至每桶約 18.60 美元，因為市場上薄弱的現貨流動性持續存在。</p>
</div><p>Cash differentials (GO10-SIN-DIF) gained slightly to 25 cents per barrel, reflecting the slightly wider paper market backwardation.</p>
<div class="lb-trans"><p>現金差價（GO10-SIN-DIF）略微上升至每桶 25 美分，反映出紙市場的輕微倒掛。</p>
</div><p>For jet fuel, some swing volumes - 200,000 metric tons or more - from India are expected to hit Asian shores for December shipment, Kpler and LSEG shiptracking data showed, given the arbitrage windows favouring east of Suez markets earlier.</p>
<div class="lb-trans"><p>對於航空燃料，預計來自印度的部分波動量——20 萬噸或更多——將在 12 月裝船時抵達亞洲，Kpler 和 LSEG 的船舶跟蹤數據顯示，由於套利窗口早前有利於蘇伊士以東市場。</p>
</div><p>These volumes are likely at their highest since January this year, the shiptracking data showed.</p>
<div class="lb-trans"><p>這些數量可能是自今年 1 月以來的最高水平，船舶跟蹤數據顯示。</p>
</div><p>China's WEPEC offered its second January spot cargo via a tender that closes today.</p>
<div class="lb-trans"><p>中國的 WEPEC 通過今天截止的招標提供了第二個 1 月現貨貨物。</p>
</div><p>Regrade (JETREG10SGMc1) inched up further to 70 cents per barrel, but cash differentials (JET-SIN-DIF) still fell to $1.64 a barrel - maintaining at two-month lows - amid lower offers on the trading window.</p>
<div class="lb-trans"><p>重整價（JETREG10SGMc1）進一步上升至每桶 70 美分，但現金差價（JET-SIN-DIF）仍然下降至每桶 1.64 美元，維持在兩個月的低點，因交易窗口的報價較低。</p>
</div><p>SINGAPORE CASH DEALS</p>
<div class="lb-trans"><p>新加坡現金交易</p>
</div><p>- No deal for gasoil and jet fuel</p>
<div class="lb-trans"><p>- 沒有柴油和航空燃料的交易</p>
</div><p>INVENTORIES</p>
<div class="lb-trans"><p>庫存</p>
</div><p>- U.S. crude, gasoline and distillate inventories rose in the week ended December 19 as refining activity slowed and imports declined, the Energy Information Administration said on Monday.</p>
<div class="lb-trans"><p>- 美國原油、汽油和餾分油庫存在截至 12 月 19 日的一週內上升，因為煉油活動放緩且進口減少，美國能源信息署週一表示。</p>
</div><p>- U.S. crude oil stockpiles were expected to have fallen last week, while distillate and gasoline inventories likely rose, a preliminary Reuters poll showed on Monday.</p>
<div class="lb-trans"><p>- 初步路透社調查顯示，美國原油庫存預計在上週下降，而餾分油和汽油庫存可能上升。</p>
</div><p>NEWS</p>
<div class="lb-trans"><p>新聞</p>
</div><p>- Frontera Energy's Colombian unit has signed a prepayment and commercial agreement worth up to $120 million with a unit of U.S. oil major Chevron  to supply crude oil over two years, the Canadian oil producer said on Monday.</p>
<div class="lb-trans"><p>- Frontera Energy 的哥倫比亞子公司與美國石油巨頭雪佛龍的一個子公司簽署了一項價值高達 1.2 億美元的預付款和商業協議，以在兩年內供應原油，加拿大石油生產商周一表示。</p>
</div><p>- Saudi Arabia, the world's biggest oil exporter, is expected to lower the February price for its flagship Arab Light crude for Asian buyers for a third month, mirroring declines in the spot market due to ample supplies, sources said.</p>
<div class="lb-trans"><p>- 世界最大石油出口國沙特阿拉伯預計將在 2 月份降低其旗艦阿拉伯輕質原油對亞洲買家的價格，連續第三個月下調，反映出由於供應充足而導致的現貨市場下跌，消息人士表示。</p>
</div><p>- The Caspian Pipeline Consortium, which delivers oil from Kazakhstan, said it had suspended oil exports from the Black Sea terminal on Monday due to bad weather.</p>
<div class="lb-trans"><p>- 從哈薩克斯坦輸送石油的裏海管道聯盟表示，由於惡劣天氣，週一暫停了黑海終端的石油出口。</p>
</div><p>- China's factory activity likely shrank for a ninth month in December, as policymakers grapple with lagging domestic demand and sliding factory profits along with volatile trade relations with key export markets.</p>
<div class="lb-trans"><p>- 由於政策制定者面臨國內需求疲軟和工廠利潤下滑，以及與主要出口市場的貿易關係波動，中國的工廠活動預計在 12 月將連續第九個月收縮。</p>
</div><p>PRICES</p>
<div class="lb-trans"><p>價格</p>
</div><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>MIDDLE DISTILLATES</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>CASH ($/BBL)</td>
<td>ASIA CLOSE</td>
<td>Change</td>
<td>Prev Close</td>
<td>RIC</td>
</tr>
<tr>
<td>Spot Gas Oil 0.25%</td>
<td>79.47</td>
<td>0.36</td>
<td>79.11</td>
<td>(GO25-SIN)</td>
</tr>
<tr>
<td>GO 0.25 Diff</td>
<td>-0.13</td>
<td>0.02</td>
<td>-0.15</td>
<td>(GO25-SIN-DIF)</td>
</tr>
<tr>
<td>Spot Gas Oil 0.05%</td>
<td>79.02</td>
<td>0.36</td>
<td>78.66</td>
<td>(GO005-SIN)</td>
</tr>
<tr>
<td>GO 0.05 Diff</td>
<td>-0.58</td>
<td>0.02</td>
<td>-0.60</td>
<td>(GO005-SIN-DIF)</td>
</tr>
<tr>
<td>Spot Gas Oil 0.001%</td>
<td>79.85</td>
<td>0.37</td>
<td>79.48</td>
<td>(GO10-SIN)</td>
</tr>
<tr>
<td>GO 0.001 Diff</td>
<td>0.25</td>
<td>0.02</td>
<td>0.23</td>
<td>(GO10-SIN-DIF)</td>
</tr>
<tr>
<td>Spot Jet/Kero</td>
<td>81.87</td>
<td>0.42</td>
<td>81.44</td>
<td>(JET-SIN)</td>
</tr>
<tr>
<td>Jet/Kero Diff</td>
<td>1.64</td>
<td>-0.03</td>
<td>1.66</td>
<td>(JET-SIN-DIF)</td>
</tr>
<tr>
<td>For a list of derivatives prices, including margins, please double click the RICs below.</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Brent M1</td>
<td>(BRENTSGMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Gasoil M1</td>
<td>(GOSGSWMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Gasoil M1/M2</td>
<td>(GOSGSPDMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Gasoil M2</td>
<td>(GOSGSWMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Regrade M1</td>
<td>(JETREGSGMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Regrade M2</td>
<td>(JETREGSGMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Jet M1</td>
<td>(JETSGSWMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Jet M1/M2</td>
<td>(JETSGSPDMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Jet M2</td>
<td>(JETSGSWMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Gasoil 500ppm-Dubai Cracks M1</td>
<td>(GOSGCKMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Gasoil 500ppm-Dubai Cracks M2</td>
<td>(GOSGCKMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Jet Cracks M1</td>
<td>(JETSGCKMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Jet Cracks M2</td>
<td>(JETSGCKMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>East-West M1</td>
<td>(LGOAEFSMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>East-West M2</td>
<td>(LGOAEFSMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LGO M1</td>
<td>(LGOAMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LGO M1/M2</td>
<td>(LGOASPDMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LGO M2</td>
<td>(LGOAMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Crack LGO-Brent M1</td>
<td>(LGOACKMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>Crack LGO-Brent M2</td>
<td>(LGOACKMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
</tbody>
</table>
<div class="lb-trans"><table>
<thead>
<tr>
<th></th>
<th></th>
<th></th>
<th></th>
<th></th>
</tr>
</thead>
<tbody>
<tr>
<td>中間餾分</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>現金（$/桶）</td>
<td>亞洲收盤</td>
<td>變動</td>
<td>前收盤</td>
<td>RIC</td>
</tr>
<tr>
<td>現貨柴油 0.25%</td>
<td>79.47</td>
<td>0.36</td>
<td>79.11</td>
<td>(GO25-SIN)</td>
</tr>
<tr>
<td>GO 0.25 差價</td>
<td>-0.13</td>
<td>0.02</td>
<td>-0.15</td>
<td>(GO25-SIN-DIF)</td>
</tr>
<tr>
<td>現貨柴油 0.05%</td>
<td>79.02</td>
<td>0.36</td>
<td>78.66</td>
<td>(GO005-SIN)</td>
</tr>
<tr>
<td>GO 0.05 差價</td>
<td>-0.58</td>
<td>0.02</td>
<td>-0.60</td>
<td>(GO005-SIN-DIF)</td>
</tr>
<tr>
<td>現貨柴油 0.001%</td>
<td>79.85</td>
<td>0.37</td>
<td>79.48</td>
<td>(GO10-SIN)</td>
</tr>
<tr>
<td>GO 0.001 差價</td>
<td>0.25</td>
<td>0.02</td>
<td>0.23</td>
<td>(GO10-SIN-DIF)</td>
</tr>
<tr>
<td>現貨航空燃料/煤油</td>
<td>81.87</td>
<td>0.42</td>
<td>81.44</td>
<td>(JET-SIN)</td>
</tr>
<tr>
<td>航空燃料/煤油差價</td>
<td>1.64</td>
<td>-0.03</td>
<td>1.66</td>
<td>(JET-SIN-DIF)</td>
</tr>
<tr>
<td>有關衍生品價格的列表，包括利潤，請雙擊下面的 RIC。</td>
<td></td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>布倫特 M1</td>
<td>(BRENTSGMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 M1</td>
<td>(GOSGSWMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 M1/M2</td>
<td>(GOSGSPDMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 M2</td>
<td>(GOSGSWMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>重整價 M1</td>
<td>(JETREGSGMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>重整價 M2</td>
<td>(JETREGSGMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料 M1</td>
<td>(JETSGSWMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料 M1/M2</td>
<td>(JETSGSPDMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料 M2</td>
<td>(JETSGSWMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 500ppm-迪拜裂解 M1</td>
<td>(GOSGCKMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>柴油 500ppm-迪拜裂解 M2</td>
<td>(GOSGCKMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料裂解 M1</td>
<td>(JETSGCKMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>航空燃料裂解 M2</td>
<td>(JETSGCKMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>東西方 M1</td>
<td>(LGOAEFSMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>東西方 M2</td>
<td>(LGOAEFSMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LGO M1</td>
<td>(LGOAMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LGO M1/M2</td>
<td>(LGOASPDMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>LGO M2</td>
<td>(LGOAMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>裂解 LGO-布倫特 M1</td>
<td>(LGOACKMc1)</td>
<td></td>
<td></td>
<td></td>
</tr>
<tr>
<td>裂解 LGO-布倫特 M2</td>
<td>(LGOACKMc2)</td>
<td></td>
<td></td>
<td></td>
</tr>
</tbody>
</table>
</div>

柴油市場結構略有上升；航空燃油的現貨差價進一步下滑