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- Release Date: 18/07/13 16:34
- Summary: MONTHLY: NZR: Throughput and Margin Report May-June 2013
- Price Sensitive: No
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NZR
18/07/2013 14:34
MONTHLY
REL: 1434 HRS The New Zealand Refining Company Limited
MONTHLY: NZR: Throughput and Margin Report May-June 2013
Refining NZ Throughput and Margin Report for May to June 2013
The Processing Fee earned for the period May to June 2013 was NZD 41 million,
generated from a throughput of 7.0 million barrels.
The average Gross Refinery Margin (GRM) for the two month period was USD 6.63
per barrel.
Singapore complex margins improved during the period from below USD 1.00 per
barrel early in May to above USD 3.00 per barrel in June. Despite the
improvement in margins, which has continued into July to date, future
refining margins remain uncertain.
The average exchange rate for the two month period was USD/NZD 0.81.
Appendix I shows further information on throughput, margin and refining
income.
Year to date
The Gross Refining Margin for the year to date is USD 5.27 per barrel and the
exchange rate USD/NZD 0.83.
Historic Analysis
A five year history of Throughput, Margins and Processing Fees is attached as
Appendix II and can also be found on the company's website:
www.refiningnz.com
End CA:00238740 For:NZR Type:MONTHLY Time:2013-07-18 14:34:11
