North Asia

Platts North Asia Bunker Daily Commentary

Most shipowners had already covered their requirements via term contracts, with spot prices changing widely depending on delivery dates, port, and volume. In Hong Kong, the spread between delivered low sulfur marine gasoil and low sulfur fuel oil widened to a record minus $20/mt Wednesday. Strong demand for LSFO had driven the price of the fuel above LSMGO, which led to shipowners making a calculated decision to use LSMGO

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