By Srinivas Chowdary Sunkara // petrobazaar // 24th Jan 2022.
BUNKER PRICE TRENDS
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.
FUEL OIL MARKETS
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.
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