FIS: Fuel Oil Daily Evening Report

Singapore’s front- to second-month VLSFO spread rose by $1/mt to $8.50/mt today.

There was little liquidity in the Rotterdam VLSFO barges market, but the Oct22/Nov22 forward spread widened slightly to close $0.25/bbl above its previous settlement.

Rotterdam’s HSFO barge crack traded in a $1/bbl range today, finishing at around -$27.10/bbl.

Traders in China will return to the market tomorrow after a holiday. We should therefore see greater market activity then than the scraps we have had today.