LSFO Demand To Spike As Coal Plants Shuts Down

Capt. John
  • Korea East-West Power raises December LSFO purchases
  • Coal plants shut down will trigger LSFO demand which eventually result in higher purchase 
  • IMO 2020 transition, local ECAs spur LSFO demand
  • Refiners’ run cuts support 0.5% sulfur marine fuel prices

According to a Platts report, the planned shutdown of some coal-fired power plants in South Korea is likely to propel low sulfur fuel oil demand, which has already seen an increase due to stricter environmental rules in international shipping as...

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