In September, the Rotterdam 0.5%/3.5% sulfur fuel oil spread hit record lows, with Platts assessing it at $20/mt on Sept. 9, down from $228.75/mt a year earlier.
Growth Potential“The forward curve is too optimistic,” Arne Anders Lohmann Rasmussen, chief analyst at hedging company Global Risk Management, said. “I see HSFO staying expensive and VLSFO under pressure.”
S&P Global analysts project Rotterdam Hi-5 to rise from $64.10/mt in September to $71.60/mt in...
https://mfame.guru/challenges-loom-for-nwe-hi-5-amidst-gasoline-and-vlsfo-output/