Asia’s high sulphur fuel oil spot market extended losses on Friday, as discounts deepened and the contango market structure widened.

Singapore 380-cst HSFO cash differential was pegged at a discount wider than $6 a metric ton, and the 180-CST cash differential traded at a discount of $4.82 a ton.

In the bunker market, traders said they still expected U.S. tariffs to weaken demand.

Meanwhile, fuel oil stocks at the Amsterdam-Rotterdam-Antwerp refining hub, or ARA, were nearly steady at 1.024 million tons in the week to July 17, data from Dutch consultancy Insights Global showed on Thursday.

OTHER NEWS

– The European Union agreed an 18th package of sanctions against Russia over its war in Ukraine, including measures aimed at the Russian oil and energy industry.

– China’s exports of refined products, including diesel, gasoline, aviation fuel and marine fuel, fell 0.6% year-on-year to 5.34 million tons in June, according to the customs data, though the figure marked the highest monthly total since June 2024.

WINDOW TRADES

– 180-cst HSFO: One trade

– 380-cst HSFO: Two trades

– 0.5% VLSFO: No trade
Source: Reuters