据ICIS网站11月19日新加坡报道 亚洲石脑油价格下跌的同时，全球原油期货也出现下跌，原因是需求有限，而流入该地区的深海货流供应迅速增长。
周二上午，日本1月上半月交货的开放规格石脑油期货平均价格为541.00美元/吨（成本加运费），较11月18日亚洲收盘价下跌7.00美元/吨。
由于中美贸易协定的不确定性，原油价格一夜暴跌。1月份ICE布伦特原油期货价格下跌逾1%，收于62.44美元/桶。
ICIS数据显示，尽管仍高于一个月前的532美元/吨水平，但日本石脑油价格降至一周低点。
石脑油实体需求买盘是稳定的，而货物溢价此后有所缓解。
台湾台塑石化（FPCC）购入8-9万吨于12月21-31日交付的开放规格石脑油，以高于定价公式约18美元/吨的价格交给Mailiao。
该溢价低于FPCC去年12月上半月供应的每吨至少24美元的溢价水平。
台湾国有的CPC公司尚未对12月份的货物发出现货购买招标，因为其乙烯产能为38.5万吨/年的4号裂解炉正从11月初到2020年1月进行定期维护。
在套利方面，来自欧洲西北部和地中海地区的货运量增加，很可能会增加亚洲的过剩供应。
预计11月份，超过150万吨的西方石脑油将运抵亚洲，高于10月份的约100-110万吨。
ICIS数据显示，11月18日，衡量其炼油利润率的石脑油裂损价差降至73.55美元/吨，低于11月15日的84.15美元/吨。
王磊 摘译自 ICIS
原文如下：
Asia naphtha loses momentum on crude oil slide
sia’s naphtha prices fell alongside losses in global crude oil futures, amid limited demand and burgeoning supply from deep-sea cargo flows to the region.
On Tuesday morning, open-specification naphtha prices for first-half January delivery averaged at $541.00/tonne CFR (cost and freight) Japan, down by $7.00/tonne from the Asia close on 18 November.
Crude oil prices slumped overnight amid uncertainty concerning a trade agreement between the US and China. January ICE Brent crude oil futures settled lower by more than 1% at $62.44/bbl.
CFR Japan naphtha prices eased to a one-week low, although still higher than $532.00/tonne levels a month earlier, according to ICIS data.
Naphtha physical buying has been steady at best, while cargo premiums have since eased.
Taiwan’s Formosa Petrochemical (FPCC) bought 80,000-90,000 tonnes of open-specification naphtha for 21-31 December delivery to Mailiao at a premium of around $18/tonne to its pricing formula.
The premium was down from at least $24/tonne premium levels FPCC forked out for first-half December supplies.
Taiwan’s state-owned CPC Corp has yet to issue spot buying tenders for December cargoes, as its No 4 cracker with a 385,000 tonne/year ethylene capacity is undergoing scheduled maintenance from early November until January 2020.
On the arbitrage front, stronger cargo arrivals from northwest Europe and the Mediterranean regions may well add to Asia’s surplus supply.
Estimated volumes of over 1.5m tonnes of western naphtha could reach Asia in November, up from around 1.0m-1.1m tonnes in October.
Naphtha’s crack spread, a measure of its refining margin, fell to $73.55/tonne on 18 November, down from the previous close at $84.15/tonne on 15 November, ICIS data showed.
