NEW DELHI Asia’s very low sulphur fuel oil (VLSFO) market weakened for a fourth straight session, with no trades emerging on Monday. The 0.5% VLSFO cash differential fell by more than $4 to a premium of $11.55 a tonne to Singapore quotes.
There were several offers in the physical markets but bidders remained absent.
The 380-cst HSFO cash differential fell by 36 cents to a discount of 21 cents a tonne on Monday.
India’s HPCL offered 25,000 tonnes of vacuum gas oil (VGO) for delivery during Dec. 27-31 in a tender that closed on Dec. 8, market sources said.
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