:: Bunkering --- ID :: 19463
Bunker Price Index // 24-01-2022
FO prices may go up in India.

By Srinivas Chowdary Sunkara // petrobazaar // 24th Jan 2022.


Fuel oil 380 cSt prices went up $3..75 or 0.75 pct to $503.25 while MDO prices turned up by $2.04 or 0.294 pct and MGO prices also settled down by $0.25 or 0.003 pct  on late week. Following the global markets trend, We expect Furnace oil retail selling prices may be revised down for the first half of Dec, 2021.


VLSFO prices traded $13/Mt up in Singapore and Zhoushan markets. In Fujairah, VLSFO prices are up by $9/Mt. Product availability remains normal in Zhoushan with suggested lead times of two days, Compared to 8-10 days in Singapore and nine days in Fujairah.

LSMGO product was traded higher by $23/Mt in Zhoushan while it surged by $14/Mt in Fujairah while in Singapore LSMGO prices were edged up by $12/Mt today. The product availability is tight in Zhoushan with some suppliers being low on product as per sources. Suggested lead times in Singapore and Fujairah are 6-7 days and 9 days respectively.

HSFO380 prices were moved up in Fujairah by $17/Mt whereas in Singapore and Zhoushan markets HSFO 380 was traded up by $13/Mt. The product availability remains tight in Zhoushan with one supplier expected to replenish the product tomorrow. Suggested HSFO 380 lead times in Fujairah are 10 days out.

Disclaimer: Views and opinions expressed here are personal. This commentary is  for  information purposes only and not an offer or a solicitation to sell or buy any physical commodities or financial instruments. The views and analysis are based on reliable public information available at the time of writing. This report and its content cannot be copied, redistributed or reproduced in part or whole without the prior written permission of petrobazaar.com

news courtesy:integr8