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US Cash Products-NYH distillates up, other markets ease

Thu Apr 10, 2008 10:17pm IST
 
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NEW YORK, April 10 (Reuters) - New York Harbor distillates firmed on Thursday amid tight regional stockpiles and high export demand, while cash products elsewhere east of the Rockies mostly softened, dealers said.

Harbor ultra low sulfur diesel differentials rose a penny, adding to Wednesday's gains and piling on top of today's NYMEX heating oil futures gains.

Traders said low inventories around PADD 1 and strong demand for distillates from Europe and South America -- particularly Chile -- were behind the strength.

Gulf Coast and Midwest products, meanwhile, slipped back. The Midwest agriculatural demand for distillate has been slowed by heavy rains, dealers said.

In refinery news, Citgo restarted a crude unit at its Corpus Christi, Texas, refinery -- the latest and biggest unit to come back from a turnaround that started in early March. [ID:nN10331960]

For a list of refinery outages, click [REF/US]

For a NYMEX futures report, click [O/N]

U.S. GULF COAST <0#P-USG>

Cycle 22 ultra-low sulfur diesel lost 3.00 cents from late Wednesday's levels, trading at 14.50 cents over the May heating oil board, after earlier trades at 16 and then 15 cents over.  Continued...

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