California, Pacific Northwest Cash Products Basis Mixed


   
   OAKHURST, N.J. (DTN) --- Cash refined products basis in California and 
Pacific Northwest moved mixed at the start of the new trade week.

   In Los Angeles, December CARBOB moved to prompt pipeline business, trading 
at 20cts premium to January New York Mercantile Exchange RBOB futures. The fuel 
was bid at a 17cts premium in the prior session.

   San Francisco Bay December CARBOB traded at 14cts, 13cts and 10cts futures 
premiums, down 4cts.

   Sources said Pacific Northwest December suboctane traded at parity with the 
January RBOB contract while December ULSD was talked at an 11cts futures 
discount.

   Bay area December CARB ULSD moved to the forefront of trade, with a deal 
reported at a 28cts futures discount. December ULSD for export out-of-state was 
indexed at a 1cts discount to the state mandated fuel.

   December CARB ULSD in the basin was valued at a 14cts futures premium with 
the for-export blend talked at a 13cts futures premium.

   December L.A. jet traded at an 85cts futures premium, with the Bay talked at 
parity to the basin and the Pacific Northwest indexed at a 17cts regrade to the 
California markets.

    

    

   Dawn Gallagher, 1.732.531.4451, dawn.gallagher@dtn.com, www.dtn.com.




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