By Srinivas Chowdary Sunkara // petrobazaar // 11th Feb 2020.
The Bunker Price Index consist of a range of prices for 180 HSFO, 380 HSFO, MDO and MGO(Gasoil) in the main world hubs, Sagged down across the major world ports yesterday. In Singapore, Fuel oil 380 cSt graded fuel oil futures traded down $10 or 2.9% at $305 while MDO and MGO 0.1 LS futures prices closed $23.01 down at $513.1 and $523.1 respectively during the yesterday's session. Meanwhile the world crude benchmark indexes continued to experience down ward pressure on mounting signs of dent in Chinese demand on the outbreak of Corona virus.
Indian started to export IMO-2020 graded bunker fuel from Kochi port. India's Bharat Petroleum Corporation Limited dispatched 15000 mt of VLSFO cargo from Kochi port. This represented a national first for the oil seller. As per company's representative as published in ship&bunker, Domestic demand has been met allowed the export cargo to Singapore.
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