- News
- Insights
- Bunkerworld .
- Asia residual fuels: Key market indicators for Aug 23-27
.
-
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 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 28
-
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
Lesser regional production in the Asian very low sulfur fuel oil market heading into September is expected to balance sluggish demand, while traders will closely follow last-minute fixtures over Aug. 23-27 for incremental volumes landing in Singapore next month.
Morning discussions for the October ICE Brent futures contract were trading at $65.88/b at 0230 GMT Aug. 23, down from the $66.49/b level at 0830 GMT Aug. 20, Intercontinental Exchange, or ICE, data showed.
Marine Fuel 0.5%
** Discussions for the Singapore Marine Fuel 0.5%S September/October spread rose from the Aug. 20 assessment of $3/mt, with bids at $3/mt against offers at $3.25/mt, according to the ICE data.
** Tighter regional Marine Fuel 0.5% sulfur production in September is expected to support the South Korean delivered bunker prices, according to local refiners, with SK Energy and Hyundai Oilbank expected to shut their residue desulfurisation units for maintenance in September and October.
** Fierce competition between the refiners for South Korean delivered Marine Fuel 0.5% bunkers is expected to cap any rise in the last week of August, according to local bunker traders.
** SK Energy, S-Oil and Hyundai Oilbank were heard to have been actively offering spot bunker fuel to get orders, even as August is typically a quiet month in terms of demand, bunker sources said. South Korea's Marine Fuel 0.5%S bunker premium over Singapore Marine Fuel 0.5%S cargo sank to $26.48/mt on Aug. 20, the lowest since Aug. 5, S&P Global Platts data showed.
** In Singapore, bunker suppliers are expecting less-than-average buying interest as buyers stay on the sidelines awaiting pricing cues.
** Industry sources said that the waning availability of cutter stocks for blending of low sulfur fuel oil to International Maritime Organization-compliant standards would lift premiums of Singapore ex-wharf Marine Fuel 0.5%S for supply in September.
** Offers for September supply of Singapore ex-wharf Marine Fuel 0.5%S were heard to have been at a premium of around $3.75/mt over FOB Singapore Marine Fuel 0.5%S cargo assessments during the week ended Aug. 20, up from premiums of around $3.50/mt for the balance August supply.
** Singapore-delivered Marine Fuel 0.5%S premium to Singapore Marine Fuel 0.5%S cargo averaged $7.86/mt during the week ended Aug. 20, down 86 cents/mt from the previous week's average, Platts data showed.
High sulfur fuel oil
** Discussions for the Singapore 380 CST high sulfur fuel oil September/October spread rose to $6.50/mt Aug. 23 from the Aug. 20 assessment of $6.25/mt, according to the ICE data. Bids for the spread stood at $6.25/mt against offers at $6.75/mt.
** Waning demand for imported 180 CST high sulfur fuel oil market in South Asia -- as peak summer demand starts to flag -- is expected to see the cash differential for the FOB Singapore 180 CST HSFO assessment weaken in September, according to Singapore-based traders who supply cargo in the region.
** Meanwhile, in the Middle East, stocks of heavy distillates at the UAE's Port of Fujairah, which include fuel for power generation and marine bunkers, tumbled 9.96% on the week to reach a four-month low of 9.77 million barrels, the Fujairah Oil Industry Zone data showed.
** The Fujairah-delivered 380 CST high sulfur fuel oil has seen high premiums due to tightened supplies, with only three suppliers providing HSFO at Fujairah. Two out of the three suppliers are said to be having limited availability, according to traders.
** On Aug. 20, industry sources told Platts that Montfort entered the fray as the eleventh licensed bunker supplier at the Middle Eastern port of Fujairah to supply HSFO, VLSFO and LSMGO bunkers from September onwards, at a time when the market is starting to indicate signs of a rebound.
** The premium of Fujairah-delivered 380 CST HSFO to that of 380 CST FOB Arab Gulf cargo 3.5%S averaged $27.43/mt in July, and $37.69/mt over Aug. 1-19, Platts data showed.
Bunkerworld .,