HSFO spot premiums dip but backwardation holds

Spot premiums for high sulphur fuel oil (HSFO) eased further in Asia on Tuesday, although backwardation retained its strength in the prompt trading months. The March/April backwardation spread for 380-cst HSFO closed at $15.50 per metric ton on Tuesday, widening from the previous session in volatile trade, according to data from trade sources. Buying momentum …

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