After four months of shortages, the Indian bunker market is now adequately supplied with very low sulfur fuel oil (VLSFO), leading to a decline in prices. Traders report ample availability of VLSFO across Indian ports, signalling a shift in the market dynamics.
Ample Supply and Price DeclineTraders note a significant increase in VLSFO availability in Indian ports, resulting in price reductions. Prices for VLSFO in Mumbai, Kochi, and Colombo have notably decreased, reflecting the improved supply...
https://mfame.guru/navigating-indian-bunker-market-dynamics-from-shortages-to-stability/