LONDON, Aug 28 (Reuters) - European gasoline jumped on
Friday to track U.S. prices which rose on spot demand from Latin
America, traders said.
PRICES
* Premium unleaded 10ppm gasoline barges rose to trade at
$669-$679 a tonne fob ARA throughout the day from $648 at
Thursday's close.
* The Eurograde gasoline's prices started trading at $684 on
Monday and fell to as low as $647 on Thursday.
* Dealing was thin, with about 12,000 tonnes changing hands
throughout Friday.
* The gain in gasoline prices was sharper than that of crude
oil and its crack to dated Brent BFO- rose to $7.65 a barrel
from $4.60 on Thursday, the lowest since early May.
* Brent crude futures LCOc1 were up 31 cents at $72.82 a
barrel by 1642 GMT.
* European traders said the Europgrade gasoline followed
U.S. gasoline prices, which they said were supported by Latin
American demand, which is not directly for European gasoline.
* Benchmark U.S. RBOB gasoline futures RBc1 were trading
around $2.05 a gallon, extending Thursday's 2.5 percent gain.
Its crack to U.S. crude futures CLc1 was around $6.74 a
barrel.
NAPHTHA
* Sempra offered a cargo at $652 a tonne cif NWE, raising
its offer level from $620 on Thursday.
* Morgan Stanley and Gunvor bid at $637 and $633.
GASOLINE/NAPHTHA SWAPS
* Gasoline barge swaps for September jumped nearly $20 to
$671.75 tonne fob ARA. The September/October backwardation rose
by around $2 to $16.25.
* Naphtha swaps for September firmed by a similar amount,
rising $14 to $630.50 a tonne cif NWE. The September/October
backwardation rose to $8.50.
FAWLEY
* ExxonMobil (XOM.N) will shut the fluid catalytic cracking
unit (FCC) of its Fawley refinery in southern England in
September for planned maintenance. The refinery's total capacity
is 326,000 barrels a day. [REF/OUT]
(Reporting by Emma Farge and Ikuko Kurahone; Editing by
Keiron Henderson)
