Cash differentials for high sulphur fuel oil (HSFO) rebounded on Thursday after inventories at Singapore’s commercial hub declined to a six-month low.
Cargo differentials for 380-cst HSFO rose by about $2 to a discount of $2.98 per metric ton to Singapore quotes, and 180-cst HSFO was also up by $2 to a discount of 34 cents per metric ton.
Cash premium for 0.5% VLSFO MFO05-SIN-DIF fell to $26.33 a metric ton from $27.75 in the earlier session.
INVENTORIES
Fuel oil stocks at the Singapore trading hub fell by 1.041 million barrels to 17.511 million barrels in the week to Nov. 15, government data showed. O/SING1
Source: Hellenic Shipping News
