Zhoushan’s May term ex-wharf LSFO bunker premiums soar amid tight stockpiles

Ex-wharf 0.5% sulfur marine fuel cargoes for May term contractual supply at China’s Ningbo-Zhoushan port were mostly concluded at around premiums of $20-$30/mt to the benchmark FOB Singapore 0.5% marine fuel cargo values, compared to premiums of around $15/mt concluded for April’s ex-wharf supplies, traders said May 3. The stronger ex-wharf premiums also capped demand for May-loading cargoes, while the…