East China bunkering premiums nose-dive to multiyear lows; LSFO demand overshadowed

Capt. John

Moderate demand of low sulfur fuel oil, which fell short of market expectations, coupled with ample supply of upstream cargoes at the bunkering hubs of Zhoushan and Shanghai, suppressed bunkering premiums in both ports to multiyear lows, gradually narrowing suppliers’ margins, market sources said...

https://www.spglobal.com/platts/en/market-insights/latest-news/oil/032124-east-china-bunkering-premiums-nose-dive-to-multiyear-lows-lsfo-demand-overshadowed

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