Spot premiums for fuel oil were little changed in Asia on Tuesday, with the market eyeing tenders for October-loading products.
The 0.5% VLSFO premium was pegged at $3 a metric ton, while the October crack closed at a premium of $8.26 a barrel at 0830 GMT.
Meanwhile, the HSFO market eased slightly, with spot trade remaining largely thin.
The 380-cst HSFO cash premium eased to $11.20 a ton, while the October crack dipped to a discount of $9.50 a barrel.
In tenders, Indonesia’s Pertamina offered residual fuel products for loading in October, including low-sulfur fuel oil (LSFO), low-sulfur waxy residue (V-1250), and decant oil (DCO).
INCOMING SUPPLIES
Fuel oil supplies to Asia are pegged at about 6 million tons for September, climbing about 5% from August, based on the latest assessments from LSEG Oil Research.
The increase is led by an uptick in Western arbitrage inflows, while supplies from the Middle East held steady.
Source: Hellenic Shipping News
