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
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
Dawn Gallagher, 1.732.531.4451, firstname.lastname@example.org, www.dtn.com.
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