Thin competition likely to keep pressure off HSFO premiums despite China restocking
Thin competition is likely to slow down declines in 380 CST high sulfur fuel oil bunker premiums, traders said June 13, as prices are expected to soften amid waning cash differentials for Singapore 380 CST HSFO and sluggish demand. Platts Shanghai-delivered 380 CST HSFO bunker premium over the grade’s benchmark cargo assessments slipped to average $164.16/mt June 1-10 from $195.03/mt…