Zhoushan-Singapore delivered bunker spread narrows to seven-month low
The Platts Zhoushan-delivered marine fuel 0.5%S bunker price spread against Singapore moved deeper into negative territory to an over seven-month low of minus $20/mt July 4, S&P Global Commodity Insights data showed, amid intensifying competition at the North Asian bunker hub. The spread between both key Asian ports was last lower on Dec. 2, 2021, at minus $23/mt. “Zhoushan’s bunker…