Asia’s very low sulphur fuel oil (VLSFO) market eased on Monday following a small rally last week, while high sulphur fuel oil (HSFO) was little changed.
The Singapore cargo cash premium for VLSFO MFO05-SIN-DIF fell to $6.70 a metric ton on Monday, though some market sources remained optimistic about Red Sea events supporting bunker demand.
Meanwhile, 380-cst HSFO cargo premium held steady at $4.25 a ton against a backdrop of thin activity.
In tenders, Taiwan’s CPC offered catalytic fractionator bottom for February loading. The tender closes on Monday and is valid until Wednesday.
Source: Hellenic Shipping News
