Hindi nagbibigay ng serbisyo ang XM sa mga residente ng Estados Unidos.

Asia Fuel Oil-Visco spread narrows; market eyes South Asia tenders



<html xmlns="http://www.w3.org/1999/xhtml"><head><title>Asia Fuel Oil-Visco spread narrows; market eyes South Asia tenders</title></head><body>

SINGAPORE, June 18 (Reuters) -Asia's viscosity spread for cst high sulphur fuel oil (HSFO) narrowed further on Tuesday, while the market eyed several South Asia tenders offering HSFO for spot loading.

A couple of Indian refiners have offered 180-cst HSFO via tenders that close on Tuesday, industry sources said.

India's HPCL offered 20,000 metric tons of the product for loading between June 20 and 27, while BPCL offered 30,000 tons for loading between July 5 and 7. FUEL/TENDA

Pakistan's PARCO is also offering 180-cst HSFO via a tender that closes on June 25, with the loading laycan to be finalised later.

The viscosity spread, which is the price difference between 180-cst HSFO and 380-cst HSFO, narrowed below $1.50 a ton on Tuesday, latest data showed.

The 380-cst market retained its strength, with cash premiums and margins holding stable from last week's levels.

Front-month cracks for 380-cst HSFO FO380DUBCKMc1 inched up to discounts of about $6 a barrel on Tuesday, while low-sulphur (VLSFO) cracks LFO05SGDUBCMc1 also closed higher at about $9.75 a barrel.

Meanwhile, intermonth timespreads for fuel oil widened in backwardation for the prompt months for all key grades.


BUNKER SALES

- Singapore bunker sales rebounded to 4.83 million tons in May after logging monthly declines for four consecutive months, with container throughput and vessel calls firming from April, official data showed.

- Fujairah bunker sales fell to a six-month low at about 610,000 metric tons in May, as tighter inventories capped uptake while lower prices at neighbouring port Khor Fakkan also drew some demand away, trade sources said.


OTHER NEWS

- Oil prices were largely stable on Tuesday as traders awaited signs of a hoped-for summer demand boost to prop up prices even as strong supply threatens to blunt gains. O/R

- Denmark is considering ways to stop a so-called shadow fleet of tankers from carrying Russian oil through the Baltic Sea, the Nordic country said, triggering a sharp response from Moscow's diplomats who said any such move would be unacceptable.

- Shell has agreed to buy Singaporean liquefied natural gas company Pavilion Energy from global investment company Temasek in a move the oil major said will strengthen its leadership position in LNG, according to statements on Tuesday

- Japan's top oil refiner Eneos Holdings and trading house Mitsubishi Corp said on Tuesday they will explore expanding their alliance to include hydrogen and decarbonised fuels, in addition to sustainable aviation fuel.


WINDOW TRADES O/AS

- 180-cst HSFO: No trade

- 380-cst HSFO: No trade

- 0.5% VLSFO: No trade


ASSESSMENTS

FUEL OIL





CASH ($/T)

ASIA CLOSE

CHANGE

PREV CLOSE

RIC

Cargo - 0.5% VLSFO

590.95

7.93

583.025

MFO05-SIN

Diff - 0.5% VLSFO

1.50

-0.15

1.65

MFO05-SIN-DIF

Cargo - 180cst

503.16

4.59

498.57

FO180-SIN

Diff - 180cst

6.50

-1.45

7.95

FO180-SIN-DIF

Cargo - 380cst

501.83

4.72

497.11

FO380-SIN

Diff - 380cst

12.05

0.05

12.00

FO380-SIN-DIF

Bunker (Ex-wharf) Premium - 380cst

12.50

0.50

12.00


Bunker (Ex-wharf) Premium - 0.5% VLSFO

6.00

0.00

6.00


For a list of derivatives prices, including margins, please double click the RICs below.

Brent M1

BRENTSGMc1

180cst M1

FO180SGSWMc1

180cst M1/M2

FO180SGSDMc1

180cst M2

FO180SGSWMc2

Visco M1

FOVISSGDFMc1

Visco M2

FOVISSGDFMc2

380cst M1

FO380SGSWMc1

380cst M1/M2

FO380SGSDMc1

380cst M2

FO380SGSWMc2

Cracks 180-Dubai M1

FO180SGCKMc1

Cracks 180-Dubai M2

FO180SGCKMc2

East-West M1

FOSGEWMc1

East-West M2

FOSGEWMc2

Barges M1

HFOFARAAMc1

Barges M1/M2

HFOFARAASMc1

Barges M2

HFOFARAAMc2

Crack Barges-Brent M1

HFOFARAACMc1

Crack Barges-Brent M2

HFOFARAACMc2



Reporting by Jeslyn Lerh; Editing by Janane Venkatraman

</body></html>

Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.

Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.

Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.

Babala sa Risk: Maaaring malugi ang iyong kapital. Maaaring hindi nababagay sa lahat ang mga produktong naka-leverage. Mangyaring isaalang-alang ang aming Pahayag sa Risk.