VLSFO HSFO price trends by Srinivas Chowdary Sunkara as on 08-06-2023
The cash premiums for VLSFO at Singapore window in Asian markets continued to slid for the second straight day as selling interest persisted in the market. Expect supply flow from Al-Zour refinery from Kuwait keep weigh on the market. The 0.5% VLSFO cash premiums slipped to $6.13 a tonne over Singapore quotes with softening spot offers from the earlier session. High Sulphur Fuel oil (HSFO) was little changed on easing market structure. The 380 cSt HSFO cash differential dipped to a premium of $1.25 a tonne over
Singapore quotes. In India, Furnace Oil (FO) retail selling prices are trended to revise down on 16th June, 2023.
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