Global Platts

Asia Crude Oil: Key Market Indicators May 31-June 4

The Asian middle distillates complex is expected to continue to see the divergence in the week started May 30, reports Platts.

In the gasoil sector, industry sources said the demand recovery in Europe is likely to offset sluggish demand in Asia, while limitations to air travel because of pandemic-related restrictions would continue to weigh on the jet fuel/kerosene market.

Jet fuel/kerosene

The front-month June-July jet fuel/kerosene time spread remained steady day on the day at minus 25 cents/b...

https://mfame.guru/asia-crude-oil-key-market-indicators-may-31-june-4/

Key Factors Expected to Weigh on Asian Middle Distillates May 31-June 4

The Asian middle distillates complex is expected to continue to see a divergence in the week started May 30, says an article published in Platts.

In the gasoil sector, industry sources said the demand recovery in Europe is likely to offset sluggish demand in Asia, while limitations to air travel because of pandemic-related restrictions would continue to weigh on the jet fuel/kerosene market.

Jet fuel/kerosene

The front-month June-July jet fuel/kerosene time spread remained steady day on day at...

https://mfame.guru/key-factors-expected-to-weigh-on-asian-middle-distillates-may-31-june-4/

Singapore’s Low Sulphur Oil Market Shows Stagnating Demand

Stagnating demand in the Singapore low sulfur fuel oil market is not expected to ease in the April 19-23 week, says an article published in S&P Global Platts.

Demand for marine fuel 0.5% sulphur

The Singapore Marine Fuel 0.5%S May-June backwardation were range bound, with bids at $1/mt against offers at $2/mt, Intercontinental Exchange data showed.

  • Delivered low sulfur bunker fuel premiums in China are expected to be capped by elevated supply and production amid poor demand.
  • At Zhoushan port,...

https://mfame.guru/singapores-low-sulphur-oil-market-shows-stagnating-demand/

Platts & SEA-LNG Join To Improve LNG Pricing Visibility

Platts and SEA-LNG expands LNG fuel pricing visibility by a new collaboration, says a  press release published on their website.

Fuel pricing visibility

S&P Global Platts (Platts) and SEA-LNG announced a new collaboration to increase visibility in fuel bunker pricing and improve decision making around the viability of using LNG to power fleets.

About the agreement

Under the terms of the agreement, SEA-LNG will display monthly averages of Platts’ daily LNG bunker price assessments on its refreshed...

https://mfame.guru/platts-sea-lng-join-to-improve-lng-pricing-visibility/

Falling Trend of Rates Predates Coronavirus Outbreak! Worst Yet To Come for Dry Bulk?

  • Platts index data shows that the rate decline clearly predates the coronavirus.
  • Base spot rates have actually bounced up off the bottom during the outbreak.
  • Too early to predict when Capesizes will recover.
  • As HFO was cheaper, scrubber ships earn more on a net basis, depending on the VLSFO-HFO spread.

According to S&P Global Platts, the index data shows that the rate decline clearly predates the coronavirus, reports YahooFinance.

Did coronavirus have a negative effect on rates?

Coronavirus is a...

http://mfame.guru/falling-trend-of-rates-predates-coronavirus-outbreak-worst-yet-to-come-for-dry-bulk/

Singapore Oil Hub Witnesses Upsurge in Floating Storage

  • Global Platts report of an increase in ships suggesting market stagnation in regional oil hub Singapore.
  • Kpler oil shipping analyst said there has been an increase in floating storage for crude oil around the Malacca Straits and Singapore since the onset of the virus.
  • Floating storage in the anchorages around Malaysia and Singapore rose steadily which was more than threefold increase in less than two weeks.
  • Several weeks of a contango structure in crude oil markets, and a collapse in tanker...

http://mfame.guru/singapore-oil-hub-witnesses-upsurge-in-floating-storage/

[Watch] November Outlook: Highlights in Asian Commodity Markets

Platts summarizes the price rebounds for Chinese thermal coal and petrochemical products.

Rebounds in Asian markets

The highlights in Asian commodity markets with Paul Bartholomew, S&P Global Platts Head of Metals News & Insight in Asia Pacific: application for China’s crude oil import allocations ends this week.

Rebounds are seen for prices of Chinese domestic thermal coal, petrochemical markets enter negotiations for 2020 term contracts, and steel market seeks clarity on China’s production cut...

http://mfame.guru/watch-november-outlook-highlights-in-asian-commodity-markets/

IBIA at the Annual Mediterranean Bunker Fuel Conference

Only 8 days left until the 7th Annual Mediterranean Bunker Fuel Conference, taking place on 29th-30th November, in Divani Caravel Hotel in Athens, Greece.

IBIA Director Unni Einemo will be participating as a key speaker.

Why attend?

  1. With IMO2020 implementation fast approaching: discuss how the 0.5% sulphur cap will affect the supply chain
  2. State of the shipping industry
  3. Explore the outlook for alternative fuels & scrubbers
  4. Networking opportunities

More Specifically:

The bunker industry nearing 2020...

http://www.allaboutshipping.co.uk/2018/11/22/ibia-at-the-annual-mediterranean-bunker-fuel-conference/