- News
- Insights
- Bunkerworld .
- South Korea bunker supply tightens as SK Energy cuts production in May: sources
.
-
Jul 4
-
Jun 30
-
Jun 27
-
Jun 22
-
Jun 16
-
Jun 10
-
Jun 6
-
May 30
-
May 26
-
May 18
-
May 13
-
May 11
-
May 4
-
Apr 26
-
Apr 22
-
Apr 11
-
Apr 7
-
Apr 6
-
Mar 23
-
Mar 15
-
Mar 8
-
Feb 28
-
Feb 11
-
Feb 2
-
Feb 1
-
Jan 17
-
Dec 27
-
Dec 10
-
Dec 3
-
Nov 25
-
Nov 16
-
Oct 29
-
Oct 25
-
Oct 12
-
Oct 8
-
Oct 4
-
Sep 30
-
Sep 29
-
Sep 24
-
Sep 23
-
Sep 17
-
Sep 10
-
Sep 9
-
Sep 6
-
Sep 2
-
Aug 30
-
Aug 27
-
Aug 23
-
Aug 20
-
Aug 17
-
Aug 13
-
Aug 9
-
Aug 3
-
Jul 29
-
Jul 26
-
Jul 22
-
Jul 15
-
Jul 5
-
Jul 2
-
Jun 28
-
Jun 22
-
Jun 18
-
Jun 11
-
Jun 7
-
Jun 4
-
May 31
-
May 25
-
May 21
-
May 5
-
Apr 28
-
Apr 27
-
Apr 26
-
Apr 23
-
Apr 22
-
Apr 19
-
Apr 16
-
Apr 15
-
Apr 14
-
Apr 13
-
Apr 9
-
Apr 7
-
Apr 5
-
Mar 31
-
Mar 23
-
Mar 19
-
Mar 17
-
Mar 12
-
Mar 5
-
Mar 4
-
Mar 3
-
Mar 1
-
Feb 25
-
Feb 24
-
Feb 22
-
Feb 17
-
Feb 12
-
Feb 10
-
Feb 9
-
Feb 5
-
Feb 1
-
Jan 27
-
Jan 25
-
Jan 22
-
Jan 20
-
Jan 18
-
Jan 13
-
Jan 11
-
Jan 8
-
Jan 7
-
Jan 4
-
Dec 31
-
Dec 28
-
Dec 24
-
Dec 21
-
Dec 14
-
Dec 9
-
Dec 9
-
Dec 8
-
Dec 4
-
Dec 2
-
Dec 1
-
Nov 30
-
Nov 27
-
Nov 25
-
Nov 23
-
Nov 17
-
Nov 16
-
Nov 11
-
Nov 10
-
Nov 6
-
Nov 5
-
Nov 4
-
Nov 2
-
Oct 29
-
Oct 27
-
Oct 23
-
Oct 22
-
Oct 20
-
Oct 14
-
Oct 12
-
Oct 6
-
Oct 5
-
Sep 30
-
Sep 29
-
Sep 25
-
Sep 21
-
Sep 18
-
Sep 16
-
Sep 15
-
Sep 14
-
Sep 9
-
Sep 8
-
Sep 4
-
Sep 2
-
Aug 31
-
Aug 27
-
Aug 25
-
Aug 20
-
Aug 19
-
Aug 14
-
Aug 12
-
Aug 7
-
Aug 6
-
Aug 4
-
Jul 31
-
Jul 30
-
Jul 29
-
Jul 28
-
Jul 24
-
Jul 20
-
Jul 16
-
Jul 13
-
Jul 9
-
Jul 9
-
Jul 7
-
Jun 30
-
Jun 26
-
Jun 25
-
Jun 23
-
Jun 22
-
Jun 22
-
Jun 19
-
Jun 16
-
Jun 10
-
Jun 9
-
Jun 5
-
Jun 2
-
May 29
-
May 26
-
May 21
-
May 20
-
May 15
-
May 12
-
May 8
-
May 5
-
May 4
-
May 1
-
Apr 28
-
Apr 24
-
Apr 23
-
Apr 22
-
Apr 21
-
Apr 20
-
Apr 17
-
Apr 16
-
Apr 16
-
Apr 3
South Korea's 0.5%S bunker fuel supply has tightened as the country's largest refiner SK Energy reduced production in May from its planned volume, market sources said this week.
SK Energy is likely to produce 120,000 mt of 0.5%S bunker fuel in May, compared with the original plan of 150,000 mt, a company source said, and down from 250,000 mt produced in April. The refiner's bunker production will stay at a similar level in June, a second company source said.
The refiner cut production as it raised run rates for secondary units to produce more lighter products, which dragged low sulfur fuel oil production lower, the company sources said. The run rates of crude distillation units have been around 60%-70%, the sources added.
The crack spread for Singapore gasoil and gasoline rose over April-May, while that of Singapore 0.5%S marine fuel has dropped in recent weeks due to oversupply, industry sources said.
Meanwhile, a bunker trader said SK Energy has cut its bunker fuel production in line with weakening demand.
South Korea's bunker demand has weakened as prices have been high in North Asia, sources said.
Some ships went to China, where 0.5%S bunker prices were lower. Also, when the ships’ route included both Japan and South Korea, the preference has been for bunker fuel from Japan due to lower prices, market sources said.
The delivered Zhoushan 0.5%S bunker price was $70/mt lower than South Korea on May 27, S&P Global Platts data showed, with South Korean 0.5%S marine fuel was assessed at $565/mt.
Meanwhile, other refiners have been supplying bunker fuel in May as planned, traders said.
Reflecting the supply tightness, South Korea's delivered bunker premium to Singapore 0.5%S marine fuel cargo rose to $86.19/mt on May 24, the highest since Oct. 14, 2019, when it stood at $94.02/mt, before edging down to $83.90/mt on May 27, Platts data showed.
Bunkerworld .,