Asia Fuel Oil-HSFO spot premium hits over a year's high; KPC offers HSFO for Oct
SINGAPORE, Sept 11 (Reuters) -Spot premium for 380-cst high sulphur fuel oil (HSFO) was at more than a year's high as of Wednesday, while Kuwait Petroleum Corporation offered HSFO for loading in October, trade sources said.
The premium was pegged above $17 a metric ton to Singapore quotes, extending gains from the previous day, while backwardation held steady to stronger at the prompt months.
The market had rallied higher as with very low sulphur fuel oil (VLSFO), which has been strong on supply tightness for prompt dates. However, trade sources expect the market to ease into the fourth quarter.
Meanwhile, Kuwait's KPC offered 60,000 tons of 380-cst HSFO for loading between Oct. 2 and Oct. 10. The tender closes on Wednesday.
INVENTORY DATA
- Fujairah heavy fuel inventories FUJHD04 jumped 25.3% to 10.03 million barrels (1.58 million tons) in the week to Oct. 9, reaching a two-month high, based on latest FOIZ data published by S&P Global Commodity Insights.
OTHER NEWS
- Oil climbed on Wednesday as a drop in U.S. crude inventories and concern about Hurricane Francine disrupting U.S. output countered worries about weak global demand. O/R
- The head of Vitol International Shipping said on Wednesday that large quantities of uninsured oil are currently afloat on ships due to the rise of the dark fleet in the aftermath of the Russia-Ukraine war
- Trafigura expects more switches of dirty to clean tankers to continue, with 12% of its current very-large-crude-carrier fleet trading in the clean market, a company executive told the annual APPEC conference on Wednesday.
- Major buyers of liquefied natural gas flagged risks of purchasing cargoes from the United States following the decision by President Joe Biden's administration to pause export permits of the superchilled fuel to non-Free Trade Agreement countries.
WINDOW TRADES O/AS
- 180-cst HSFO: No trade
- 380-cst HSFO: No trade
- 0.5% VLSFO: Three trades
ASSESSMENTS
FUEL OIL | ||||
CASH ($/T) | ASIA CLOSE | CHANGE | PREV CLOSE | RIC |
Cargo - 0.5% VLSFO | 549.13 | -9.32 | 558.45 | MFO05-SIN |
Diff - 0.5% VLSFO | 19.75 | -1.45 | 21.20 | MFO05-SIN-DIF |
Cargo - 180cst | 417.09 | 4.89 | 412.20 | FO180-SIN |
Diff - 180cst | 13.25 | 1.50 | 11.75 | FO180-SIN-DIF |
Cargo - 380cst | 411.87 | 2.83 | 409.04 | FO380-SIN |
Diff - 380cst | 17.05 | 0.24 | 16.81 | FO380-SIN-DIF |
Bunker (Ex-wharf) Premium - 380cst | 11.00 | -1.00 | 12.00 | |
Bunker (Ex-wharf) Premium - 0.5% VLSFO | 23.00 | 1.00 | 22.00 |
For a list of derivatives prices, including margins, please double click the RICs below. | |
Brent M1 | BRENTSGMc1 |
180cst M1 | FO180SGSWMc1 |
180cst M1/M2 | FO180SGSDMc1 |
180cst M2 | FO180SGSWMc2 |
Visco M1 | FOVISSGDFMc1 |
Visco M2 | FOVISSGDFMc2 |
380cst M1 | FO380SGSWMc1 |
380cst M1/M2 | FO380SGSDMc1 |
380cst M2 | FO380SGSWMc2 |
Cracks 180-Dubai M1 | FO180SGCKMc1 |
Cracks 180-Dubai M2 | FO180SGCKMc2 |
East-West M1 | FOSGEWMc1 |
East-West M2 | FOSGEWMc2 |
Barges M1 | HFOFARAAMc1 |
Barges M1/M2 | HFOFARAASMc1 |
Barges M2 | HFOFARAAMc2 |
Crack Barges-Brent M1 | HFOFARAACMc1 |
Crack Barges-Brent M2 | HFOFARAACMc2 |
Reporting by Jeslyn Lerh; Editing by Maju Samuel
免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。