Bunker prices have risen with Brent across East of Suez ports, and Zhoushan continues to price VLSFO slightly lower than other regional bunkering hubs.
Changes on the day to 16.00 SGT (08.00 GMT) today:
- VLSFO prices up in Fujairah ($5/mt), Zhoushan and Singapore ($3/mt)
- LSMGO prices up in Zhoushan ($19/mt), Fujairah and Singapore ($4/mt)
- HSFO380 prices up in Singapore and Zhoushan ($3/mt), and down in Fujairah ($5/mt)
Zhoushan continues to be a lower-priced option for VLSFO than Singapore and Fujairah, sustaining its discounts of $3-4/mt.
LSMGO has seen a sharp price increase on the day in Zhoushan, lifted by a higher-priced stem of 50-150 mt of the grade. Low sulphur fuel grades are readily available in Zhoushan with 2-3 days of lead time, while HSFO380 has been tight in the past few weeks.
Fujairah’s HSFO380 has slipped by $5/mt on the day, after rising to multi-month highs yesterday on the back of product being tight in the port.
Fujairah’s lead times for the high sulphur fuel have gone up to eight days now, which is the same as Singapore’s recommended lead time.