Weak LSFO demand in Singapore exerts pressure on downstream margins
October 20, 2023 Comments Off
Tepid demand for low sulfur fuel oil at the world’s largest bunker hub of Singapore, amid lean volumes of inquiries from end-users, is expected to pinch downstream margins, with ex-wharf valuations also remaining buoyed, traders said Oct. 20. Higher purchasing costs of LSFO ex-wharf cargoes have been narrowing suppliers’ margins derived from bunker deliveries, while downstream competition heats up amid…
Weak LSFO demand in Singapore exerts pressure on downstream margins
Tepid demand for low sulfur fuel oil at the world’s largest bunker hub of Singapore, amid lean volumes of inquiries from end-users, is expected to pinch downstream margins, with ex-wharf valuations also remaining buoyed, traders said Oct. 20. Higher purchasing costs of LSFO ex-wharf cargoes have been narrowing suppliers’ margins derived from bunker deliveries, while downstream competition heats up amid…
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