Strong demand boosts Singapore 380 CST premiums

摘要

Singapore—Heavy buying of 380 CST high sulfur fuel oil cargoes in Singapore in October has boosted cash premiums and narrowed the viscosity spread for the marine fuel for the month, with the high volume changing hands during the Platts Market on Close assessment process reflecting demand in the bunker fuel market. Cash differentials for 380 CST HSFO rose to a near 20-month high on October 4, when it was assessed at $9.44/mt to Mean of Platts Singapore 380 CST HSFO assessments. The premium was last higher on February 13, 2012, when it stood at $9.49/mt, Platts data showed. Cash premiums in October for the grade averaged $6.40/mt, in sharp contrast to the discount of $2.40/mt averaged in September.