- UCOME FOB price remains steady in the ARA hub
- Market adopts a wait-and-see approach for EU tariffs
Chinese UCOME price holds steady despite upcoming EU tariffs, reports Engine.
SingaporeSingapore’s B24-VLSFO UCOME price has shed $6/mt in the past week, while its B24-LSMGO UCOME price has declined by a greater $11/mt. Declining values of pure VLSFO ($2/mt) and LSMGO ($10/mt) have contributed to drag the two benchmarks lower.
The PRIMA-assessed UCOME FOB China benchmark was at $990/mt on Friday,...
https://mfame.guru/chinese-ucome-price-holds-steady-despite-upcoming-eu-tariffs/