Asia’s high Sulphur fuel oil (HSFO) market held steady after collapsing last week, while very low Sulphur fuel oil (VLSFO) was little changed amid thin trade.
The 380-cst HSFO cash differential was pegged at a premium of $12.25 a metric ton on Monday, while the September crack rose to a discount of $6.29 a barrel.
Meanwhile, spot 0.5% VLSFO was pegged at a premium of $6.56 a metric ton, while September crack closed at a premium of $11.89 a barrel.
In tenders, India’s MRPL offered vacuum gasoil and 380-cst HSFO for loading in the end of September.
Source: Hellenic Shipping News
