By Srinivas Chowdary Sunkara // petrobazaar // 22nd August, 2018.
Fuel oil prices are flat and remained unchanged in Singapore market yesterday. Fuel oil 180 cSt graded fuel oil closed at $482 and 380 cSt graded fuel oil closed at $450. The improved supply outlook kept a check on bullishness during the weekend. As reported earlier, finished graded fuel oil is till rendering support to fuel oil prices.
Some of the suppliers in Singapore are offering discounts between $5 to $8/Mt on fuels suspected to be contaminated. Generally the operators have typical complaints like sticking of fuels plungers, chocking and blocking filters result in pump failures from contaminated fuels. Suppliers need to meet the clause 5.3 of ISO8217 which is stating that fuels shall be free from any material that renders the fuel unacceptable for use in marine application.
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