Asia’s very low sulphur fuel oil (VLSFO) cash premiums firmed on Monday, boosted by stronger bids for January-loading cargoes, while high sulphur fuel oil (HSFO) weakened slightly.
The Singapore 0.5% VLSFO cash premium rose to $6.41 a metric ton, while margin closed higher at premiums of $12.21 a barrel.
Meanwhile, cash premium for 380-cst eased to $3.86 a metric ton, while refining crack slipped to discounts of $10.35 a barrel.
Spot bids and offers remained active as some market participants prepared for January trading, though trade was overall quieter.
In tenders, Indonesia’s Pertamina offered more V-1250 fuel product for loading in January from the Balikpapan port. The latest sales close on Monday.
Source: Hellenic Shipping News
