APAC Chart Pack June 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: June 2026
Asian refineries are repricing risk. Here’s what traders need to watch.
The June 2026 APAC Chart Pack covers the crude supply shock reshaping Asian refinery feedstocks following the Hormuz closure. China’s unexpected demand pullback, distressed WAF premiums, and mounting US inventory pressure are creating dislocations.
Key takeaways:
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China’s imports hit 7.8 mbd. A 29% year-on-year drop that signals Chinese buyers can hold off from spot buying longer than the market expects.
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Cushing approaching the 20 mb floor. US commercial crude and product stocks are near historical minimums, with mogas and diesel most exposed.
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WAF premiums distressed. Hungo is $6/bbl below April peaks as Chinese demand rotates toward Brazilian grades with better complex refinery margins.
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Heavier crude alternatives secured. India is now the second largest Venezuelan crude importer (~9% of total intake); South Korea is tripling Canadian crude imports to 16 mb.
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Fuel oil fundamentals supportive. Singapore VLSFO blender margins are positive through August, with western arbs shut and Kuwait LSFO directed toward domestic power generation.
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