Incremental Supplies, Sluggish Demand To Weigh on Asia LSFO Market

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  • Sluggish container shipping market may impede bunker demand
  • China’s economic recovery may lend support to the market
  • Any significant upside may be capped by incremental supply

The Asian low sulfur fuel oil market is expected to face headwinds in 2023 on dull demand amid rising supply, reports SP Global.

China wildcard

Asia low sulfur market participants are cautiously optimistic while watching developments in China since it has lifted its most severe COVID-19 measures.

https://mfame.guru/incremental-supplies-sluggish-demand-to-weigh-on-asia-lsfo-market/

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