APAC Chart Pack May 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: May 2026
Iran war is reshaping Asian oil markets. Here’s what traders need to watch.
The May 2026 APAC Chart Pack shows the Iran war and Hormuz closure forcing Asian refineries off their designed medium sour crude diet. Even with a clean reopening, vessel repositioning and flow normalization take 3-6 months. Reinventorizing will be a key theme.
Key takeaways:
-
Supply shock still underpriced. Crude loss of 10-11 mbd from Middle East shut-ins takes at least 3 months to recover.
Reinventorize. Drained SPR and commercial stocks need to be replenished. Fuel reserves for energy security will be prioritized.
China holds the key. China can’t stay at the sidelines for long. Crude FOB diffs set to widen.
Diesel weak prompt. Sing and Ulsan cash diffs at 2-3 $/bbl, down from high single digits. Major arb routes into Singapore shut.
Fuel oil call: Q3 0.5% cracks a buy. Arbs alone cannot solve the shortage of VLSFO supply in Singapore.
Real time alerts, set to your specifications
Continue reading
Cracks set to rally in winter
Supply risk builds across the Atlantic Basin and Asia as blending and refining margins turn negative.
09 OCT 26 - 12:10
Naphtha breaks higher while gasoline corrects, and the gas-nap pays for it
Freight is the obstacle between Asian demand and Western barrels
09 OCT 26 - 10:10
Singapore regrade swings from floor to near 10-year highs in a fortnight on diesel weakness and Chin...
Singapore regrade swings from floor to near 10-year highs in a fortnight on diesel weakness and China quota confusion; bullish European regrade, bearish Singapore regrade post-Golden Week
08 OCT 26 - 15:09