24 January 2025: 08:30 GMT
The window was a brutal slugging match between Totsa and Unipec as the French and Chinese went toe to toe. Totsa bids. Unipec sells. Totsa bids. Unipec sells. Ad infinitum. They also even found the time for Totsa to lift a few Unipec offers. Having parted the waters and sifted through Unipec’s offers, Totsa grabbed the opportunity to pivot to a higher price and smashed Reliance’s $82.25 offer – a big payday for the Indians! But Unipec wasn’t going to let that pass and managed to haul the trading back to $81.84.
In ‘The Officials’, Onyx Capital Advisory publishes outright values, spreads, cracks and boxes for the main energy commodities traded in the marketplace. The published values are determined independently and on a fair market basis by our team of dedicated professionals.
We invite you to read our reports, which will initially be published twice a day, reflecting closing values at 16:30 Singapore time (SGT) and at 16:30 London time (GMT/BST).
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