Asia’s fuel oil cash differentials were little changed on Tuesday as an earlier trading spree in the spot market cooled off.
Singapore’s 380-cst High Sulphur Fuel Oil (HSFO) cash differential fell to a premium of $1.53 a metric ton as the product traded lower, while cracks were at discounts of $9.67 a barrel.
Meanwhile, 0.5% Very Low Sulphur Fuel Oil (VLSFO) was little changed, with cash premiums at $14.25 a metric ton and margins closing at premiums of $11.63 a barrel.
In tenders, Indonesia’s Pertamina offered its residual fuel products for loading in December and January.
The tender for products loading from Cilacap and Sungai Pakning closes on Tuesday, while the tender for products loading from Dumai closes on Wednesday.
Source: Hellenic Shipping News
