Sharply lower refined product prices may lead to record July imports for Latin America

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Delivered gasoline cargo prices in Latin America have dropped by one-third since its peak, but diesel cargoes are in most demand, with sources expecting July imports to approach record levels. Platts assessments for eastern Mexico CIF cargoes dropped $4.01 July 14 to $124.08/b for gasoline and slid $1.75 to $149.68/b for ultra low sulfur diesel, according to S&P Global Commodity…