regional tenders for October.
Cash premium for 0.5% VLSFO was pegged at $8.61 a metric ton, while 380-cst HSFO was pegged at $2.95 a metric ton. Both markets were little changed amid thin spot trade.
In tenders, the Philippines is seeking 40,000 tons of 180-cst HSFO for arrival between Oct 18 and 26. The tender closes on Monday.
Separately, Thailand’s PTT and Thai Oil also closed tenders for fuel oil sales recently.
Asia’s refining margins for fuel oil remained range-bound on Monday.
October crack for 0.5% VLSFO closed at a premium of $8.16 a barrel at the Asia close, while 380-cst HSFO crack closed at a discount of $11.68 a barrel.
AMMONIA BUNKERING
Japan’s Itochu Corporation has signed a memorandum of understanding (MoU) with marine fuels supplier Peninsula Petroleum to jointly develop ammonia bunkering in Spain.
The companies are looking to set up supply at the port of Algeciras, said Itochu in a statement on Friday.
Source: Hellenic Shipping News
