Asia’s high sulphur fuel oil cash differentials remained week on Monday as oversupply concerns persisted.
Singapore’s 380-cst HSFO cash premium dropped for an eighth straight session to $14.92 a metric ton. The very low sulphur fuel oil (VLSFO) fell by 22 cents to about $14 per ton.
Trading activity at the deals window remained tepid for a third consecutive session. Market participants said Asian players are expecting more supplies from the Middle East and Africa.
WINDOW TRADES
– 180-cst HSFO: No trade
– 380-cst HSFO: No trade
– 0.5% VLSFO: No trade
Source: Reuters
