Asia’s spot market differentials for key fuel oil grades were little changed on Tuesday, with trades for 380-cst grade emerging at the same price levels as the previous session at the Singapore deals window, market participants said.
Spot differential for 380-cst grade traded at discounts of $6 per metric ton to cargo quotes. Meanwhile, 180-cst grade was offered at much steeper discounts of $8.09 per ton.
Very Low Sulphur Fuel Oil (VLSFO) differential was steady at a discount of $1.17 per ton.
WINDOW TRADES
– 180-cst HSFO: No trade – 380-cst HSFO: Two trades – 0.5% VLSFO: No trade Source: Reuters
