By Srinivas Chowdary Sunkara // petrobazaar // 16th May, 2019.
Fuel Oil prices traded firm yesterday in Singapore market. 180 cSt and 380 cSt graded fuel oil prices remained unchanged from the previous session where as MGO prices traded up at $617. Analysts see a deeper demand crash for HSFO as the 5-10 pct of the shipping fleet will have the exhaust gas cleaning systems or scrubbers, Installed which enable them to continue legally burning HSFO from 2020 onward.
Turning to IMO-2020 news, The global demand for 0.5% sulfur product is estimated to surge ahead of the Jan, 1st 2020, start date of IMO-2020 emissions. Taiwan's CPC corporation resumed supply of 0.5% sulfur LSFO at Kaohsiung port from this week. China already has a 0.5% sulfur cap for certain emissions control area zones within its waters.
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