The weather for both sessions was entirely dry, and is expected to remain so for the entire weekend.
In P1 Rosberg led Hamilton, and then Webber led Vettel. Alonso was fifth, followed by Button, Massa, Sutil, Grosjean and Di Resta.
In P2 Massa was fastest, followed by Raikkonen and Alonso. Rosberg, Webber and Button were next, followed by Hamilton, Sutil, Di Resta and Vettel.
So, the Force Indias seem to have kept their good pace, although we'll have to wait and see how their pit stops go.
The tyres are soft and medium. There's a pretty substantial pace difference so, at the sharp end, qualifying will be on the softs. However, the medium tyre lasts far better, so 2 stops seem possible. Starting 11th or 12th the drivers may be tempted by going for a long medium stint. The potential problem is that they'll be slower, get passed and end up not making much headway. On the other hand, they'll have perhaps a pit stop in hand, which is a big advantage.
I caught the back end of P2 and it seems that the Ferraris are perhaps best in terms of outright pace. However, because medium tyre pace is pretty close between all the top teams this means that there could be an extra premium on qualifying and the start. Mercedes also look good, with Rosberg ahead of Hamilton in both sessions to date.
However, it would be foolish to write off Vettel's prospects (although Webber could be in with a chance of pole). It's interesting that at Ferrari, Mercedes and Red Bull the driver who has not won a championship is putting in better times than the one who has (although Alonso was faster than Massa in P1).
At the moment I suspect Massa, Vettel, Webber and Rosberg are the prime contenders for pole.
McLaren's looking alright on the longer runs but it's qualifying pace is not looking quite so good.
No tip for qualifying, as P3 is 4am to 5am and qualifying itself starts at 7am.
Massa may actually have a shot at the win, if he qualifies well and Alonso's a bit further back the team can hardly afford to tell him to back off. He was something like 38 for the win and 32 for pole. I put on a tiny sum for the pole and am looking to hedge before P3 (probably do it so that I'm evens for any other winner and ahead for Massa).
Good to see the pb2 early discussion thread yielding a couple of good trading bets.