Asia’s high sulphur fuel oil (HSFO) market recovered slightly on Tuesday amid stronger bids, though competitive prompt offers limited gains.
Singapore 380-cst HSFO was bid at narrower discounts for dates into late December and early January, even as some persistent selling interest weighed on the prompt market.
Meanwhile, very low sulphur fuel oil (VLSFO) was little changed in thin trade, with downstream bunker differentials stagnating in premiums below $10 a metric ton.
Cracks softened day-on-day, with VLSFO (LFO05SGBRTCMc1) dipping below a premium of $3.50 a barrel, while 380-cst HSFO’s crack (FO380BRTCKMc1) slipped to a discount of $8.25 a barrel, data compiled by LSEG showed.
