The Singapore 500 ppm sulfur gasoil cargo differential climbed to a new 10-month high of 

plus 38 cents/barrel at the Asian close on Wednesday, supported largely by buying intere

st in the grade during the Platts Market on Close assessment process, S&P  Global Platts 

data showed. 

The  500  ppm gasoil cash differential was last higher on June 9, 2016 at plus 43 cents/b. 

The spread  was assessed at the start of this week at plus 27 cents/b and stood at minus 

25 cents/b at the start of this year. 

Cash differentials for physical gasoil represent the price buyers are willing to pay for the 

product, below or above the benchmark prices published around the day a cargo loads. 

According to market sources, the gasoil market is fundamentally short as many refinerie

s in the region are undergoing maintenance. 

"It is peak [refinery] turnaround season [and] that is coinciding with peak demand in a lot 

of countries prior to [the] monsoon," a Singapore-based trader said. 

Regional  trader Winson has been the biggest buyer of 500 ppm sulfur gasoil during the 

Platts Market .