Singapore’s bunker suppliers said on May 31 they were expecting to see a slight recovery in demand for low sulfur fuel oil in June, as Singapore’s delivered prices have fallen back below those in the Chinese port of Zhoushan since mid-May, reports Platts.
“The segment of dry bulk vessels and tankers running fixed routes would at least make up the base demand,” a Singapore-based trader said.
“However, oversupply [of marine fuel 0.5%] in China remains a concern,” he added.
High sulfur fuel oil...
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