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Asia Fuel Oil-Cash premiums ease as flows from west to increase

Published June 12, 2017 Updated June 12, 2017 12:37pm
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By Shoaib Ur Rehman
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SINGAPORE: Cash premiums for 180-centistoke and 380-cst fuel oil eased on Monday with fuel oil imports set to climb this month from May.

- HIGHER FLOWS FROM WEST: The total fuel oil flows from west to Asia could reach the highest in four months in June at nearly 5 million tonnes, according to trade flows data on Thomson Reuters Eikon.

"It's been a struggle to see prices moving up even though there are problems in the Middle East," a Singapore-based fuel oil trader said. "Some traders who speculated on a rise in prices got a rude shock when it went down last week."

He added that volume in sales are healthy but this is not reflected in the prices.

 

 

Copyright Reuters, 2017
 

 

 

 

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