By Srinivas Chowdary Sunkara // petrobazaar // 11th Nov 2019.
Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO and MGO(Gasoil) in the main world hubs shrank on late week. Fuel oil futures prices in Singapore nosedived by 10% on Friday. IFO 180 cSt and 380 cSt graded fuel oil prices went down $38.5 to settle at $346.5 and $316.5 respectively whereas MGO prices dropped by $10. During the week, Singapore Fuel oil futures posted a weekly loss of $80 or 19.94 pct. The world crude benchmark price indexes registered a weekly gains of above 1% during the last week despite of bearish signals elsewhere.
As suppliers around the world heading with new fuels/blends to meet 0.5% sulfur limit requirement, Mr.Anant Srinivasan, Vice President, V-TIC recommended certain standard practices to create awareness in the community with respect to segregation and fuel quality in general. Although suppliers are diligent to ensure the quality product to shipowners, There are few challenges to address like contamination with high polymeric substances, contamination with high benzene, fuel properties with borderline pour point and blend properties as published in ship&bunker.
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