Fujairah’s bunker sales records decline for fifth consecutive month

Weaker sales across VLSFO weighed on Fujairah’s bunker market, causing total sales to fall 10% in June, according to FOIZ and S&P Global Commodity Insights.

Changes in Fujairah bunker fuel sales from May to June:

• Total sales down by 10% to 85,000 mt
• VLSFO sales down by 40% to 34,000 mt
• HSFO sales up by 34% to 42,000 mt
• LSMGO sales up by 5% to 6,300 mt

Fujairah’s bunker sales fell to multi-year lows in June, averaging around 2,800 mt/day, down by roughly 200 mt/day from May.

Sales of VLSFO, usually the most in-demand bunker fuel grade, declined by nearly 23,000 mt during the month.

By contrast, HSFO sales increased sharply by 11,000 mt to 42,000 mt in June. On a daily basis, HSFO sales averaged around 1,400 mt/day, up from 1,000 mt/day in May.

LSMGO sales also edged higher, rising by around 300 mt to 6,300 mt for the month.

As a result, Fujairah’s total bunker sales in the first six months of the year reached 1.6 million mt, marking a steep 55% decline compared with the same period last year.

Fuel grade share of total sales in June (compared to the year to date):

• 40% VLSFO 380cst (61% YTD)
• 2.43% VLSFO 180cst (0.28% YTD)
• 50% HSFO (33% YTD)
• 7% LSMGO (6% YTD)
• 0.18% of 0.50% MGO (0.07% YTD)

By Tuhin Roy

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