AGL 40.22 Increased By ▲ 0.21 (0.52%)
AIRLINK 126.92 Decreased By ▼ -1.07 (-0.84%)
BOP 6.61 Increased By ▲ 0.01 (0.15%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DCL 8.63 Increased By ▲ 0.15 (1.77%)
DFML 41.73 Increased By ▲ 0.25 (0.6%)
DGKC 87.12 Increased By ▲ 0.54 (0.62%)
FCCL 32.40 Increased By ▲ 0.26 (0.81%)
FFBL 65.40 Decreased By ▼ -0.02 (-0.03%)
FFL 10.24 Decreased By ▼ -0.01 (-0.1%)
HUBC 109.99 Decreased By ▼ -0.50 (-0.45%)
HUMNL 14.59 Decreased By ▼ -0.16 (-1.08%)
KEL 5.13 No Change ▼ 0.00 (0%)
KOSM 7.63 Increased By ▲ 0.51 (7.16%)
MLCF 41.65 No Change ▼ 0.00 (0%)
NBP 59.60 Decreased By ▼ -0.49 (-0.82%)
OGDC 194.50 Decreased By ▼ -0.19 (-0.1%)
PAEL 28.27 Increased By ▲ 0.32 (1.14%)
PIBTL 7.86 Decreased By ▼ -0.14 (-1.75%)
PPL 152.24 Increased By ▲ 1.07 (0.71%)
PRL 26.60 Decreased By ▼ -0.28 (-1.04%)
PTC 16.03 Increased By ▲ 0.03 (0.19%)
SEARL 81.80 Increased By ▲ 3.60 (4.6%)
TELE 7.49 Increased By ▲ 0.10 (1.35%)
TOMCL 35.49 Decreased By ▼ -0.18 (-0.5%)
TPLP 8.27 Increased By ▲ 0.36 (4.55%)
TREET 16.19 Increased By ▲ 0.30 (1.89%)
TRG 52.73 Decreased By ▼ -0.03 (-0.06%)
UNITY 26.59 Increased By ▲ 0.04 (0.15%)
WTL 1.25 Decreased By ▼ -0.02 (-1.57%)
BR100 9,913 Decreased By -6.9 (-0.07%)
BR30 30,779 Increased By 27.7 (0.09%)
KSE100 93,449 Increased By 224.8 (0.24%)
KSE30 28,960 Increased By 75.3 (0.26%)

SINGAPORE: Asia’s cash premiums for 180-cst high-sulphur fuel oil (HSFO) climbed on Friday, surging to their highest level in nearly 2-1/2 years, partly lifted by firming summer demand from South Asian utilities.

The cash differentials for 180-cst HSFO soared to a premium of $32.76 per tonne to Singapore quotes, a level last seen in early November 2019. They were at a premium of $28.48 per tonne a day earlier.

The premiums climbed 26.7% this week in their third straight weekly gain.

Meanwhile, the cash differentials for 380-cst HSFO were at a premium of $21.53 per tonne to Singapore quotes on Friday, compared with $20.81 per tonne a day earlier.

The front-month barge crack for 380-cst HSFO traded at a discount of $10.89 a barrel to Brent on Friday, compared with minus $11.07 a barrel on Thursday.

Meanwhile, the front-month VLSFO crack rose to $23.16 per barrel against Dubai crude during Asian trading hours, compared with $21.66 per barrel on Thursday. Cash premiums for Asia’s 0.5% VLSFO climbed to $22.28 a tonne to Singapore quotes on Friday, up from $21.49 per tonne on Thursday.

Comments

Comments are closed.