- A surge in bunker fuel supply in Zhoushan and Shanghai has dragged the ports’ 0.5%S marine fuel differential to the FOB Singapore Marine Fuel 0.5%S cargo assessments.
- It is a all-time lows since S&P Global Platts first began assessing the grade on July 1, 2019.
- The differential between delivered Zhoushan 0.5%S marine fuel and Singapore Marine Fuel 0.5%S cargo flipped to a discount for the first time on April 16.
A Platts news source by Atsuko Kawasaki higlights that Zhoushan, Shanghai 0.5%S...