APAC Chart Pack July 2026
Sparta’s Chart Packs are ready-made collections of charts that highlight key commodity market moves, giving traders a fast, visual snapshot of what matters without building charts themselves.
Monthly APAC Chart Pack: July 2026
Crude premiums are collapsing while products hold firm. Here’s what traders need to watch.
The Strait of Hormuz reopening has pushed prompt AG crude into a mini-glut, but the barrels are landing faster than the natural trading window can absorb them. Products and freight tell a very different story, and the split is where the next moves sit.
Key takeaways:
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Crude premiums in freefall: Murban tumbled more than $7/bbl vs Dubai in June, and Saudi cut its August OSP by $11/bbl into Asia.
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AG arbs turn structural West: Diving crude premiums are keeping arbs open into NWE and USWC without the Brent-Dubai EFS needing to widen much further.
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Diesel East/West at a decade low: August gasoil East/West sits in the bottom 3% of its 10-year range, opening AG/WCI ULSD LR2 into NWE and the Med.
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Refining is the real constraint: Few 2026 newbuilds and US closures mean little incremental capacity outside China, keeping product cracks healthy.
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Freight risk premium lower, rates are not: TD3C repriced sharply lower, but tight AG spot tonnage means VLCC rates won’t return to pre-war levels.
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Distillates strength pulls further ahead after a short breather, as tightness looms ahead; jet looks...
Diesel arbs into Europe are mostly closed despite the recent upturn in pricing. Meanwhile Jet arbs East-West are much more favourable. Further weakness in SG10 E/W and in NWE Jet CIF diffs likely.
14 AUG 26 - 08:08
Atlantic Basin looks to hold naphtha, giving support to MOPJ premiums
Marginal Med arbs and a shut Rotterdam–Chiba keep naphtha in the Atlantic Basin, with Brazil the stronger outlet and MOPJ risk building into Q4.
14 AUG 26 - 07:22