demand for marine fuel, while bunker premiums remained under pressure, trade sources said.
The cargo premium for VLSFO had rebounded this week, buoyed by stronger bids by a couple of market participants, though the market was still fundamentally soft.
Bunker premiums for VLSFO were lagging the recovery in cargo premiums, sources said, as demand showed little improvement.
Premiums of VLSFO delivered for bunkering at Singapore traded below $10 a metric ton, largely stagnant from last week, according to sources.
Meanwhile, VLSFO cargo premiums retreated on Friday as offers softened, though cracks logged a weekly increase of more than 10%, closing at a premium between $10 to $10.50 a barrel, showed LSEG data at 0830 GMT.
On the high-sulphur front, spot premiums were little changed on Friday, while 380-cst margins closed at discounts of about $6 a barrel.
Source: Hellenic Shipping News
