Russia returns to lead September Brazilian gasoline imports
Brazil is expected to receive at least 258,100 cubic meters of gasoline imports through Sept. 16, with Russia leading the top, according to preliminary data from port lineups, sources, and S&P Global Commodities at Sea(opens in a new tab). At least six ships are scheduled to discharge imported gasoline at Brazilian ports by early September. ...
Brazil is poised to receive a significant amount of gasoline imports through September, with Russia leading the charge, according to preliminary data from port lineups and S&P Global Commodities at Sea. A total of at least 258,100 cubic meters of gasoline is expected to arrive by September 16, with Russia contributing 138,161 cubic meters, or 54% of the total imports.
The Netherlands is set to ship 119,940 cubic meters, making up 46% of the September imports. This shift in supply comes as local inventories have decreased by 14.25% to 752,000 metric tons, due to tighter availability of blending components and destocking caused by a steep gasoline backwardation and a strong prompt premium. Despite this, blenders are facing difficulties in procuring materials to produce finished fuel.
A Brazilian distributor attributed this to rising feedstock prices. Itaqui port is expected to receive 47,272 cubic meters of gasoline imports by August 31. The total gasoline imports for August will reach 600,534 cubic meters. The Brazilian gasoline import arbitrage window has been closed for 184 days, according to a report from the Brazilian Association of Fuels Importers.
In Brazil's six main fuel trading hubs, domestic prices are currently about 1,300 reais per cubic meter below import-parity prices.
Written by urgent.news from Hellenic Shipping News's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.