VLSFO softens further, hi-5 spread narrows

Asia’s very low sulphur fuel oil (VLSFO) market continued to weaken on Friday, while the hi-5 spread narrowed from the previous week. Singapore cash premium for VLSFO traded lower at $1 a metric ton for mid-August loading dates, while spot offers for dates into late-August were also steady to softer. The broader market is still …

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