In our latest distillate market commentary:
> WCI lands best into Singapore whilst the TA arb is open or close to open into Europe
> November's ICE GO crack softened from +$32 to +$28.5 /bbl this week
> October's Chinese gasoil exports are so far below those of September, with China unlikely to issue extra refined product export quotas this year
> Europe needs resupply more than Singapore region currently, with the matching widening moves in the E/W ULSD expected
> The US appears incentivised to export diesel currently, with a matching narrowing of the HOGO expected
