Asia Fuel Oil-180-cst cash premium slips from near 10-month high

SINGAPORE: Asia's 180-cst fuel oil market snapped six straight sessions of gains on Monday, retreating from a near 10-month high in the previous session amid lower deal values for cargoes of the lower viscosity fuel oil in the Singapore trading window.

Over the past few weeks, the market for lower viscosity fuel oil had been boosted by concerns of tight blendstock supplies as well as ample inventories of high-viscosity fuel oil, trade sources said.

By contrast, firm buying interest for 380-cst lifted cash premiums of the higher viscosity fuel to its highest since March 14.