Vitol lifted two 20,000 cargoes from Mercuria at a premium of about $1.50 a tonne to Singapore quotes in the Platts Market-on-Close (MOC) window, sources said, whereas Hin Leong paid Chevron a premium of $2.25 a tonne for 20,000 tonnes on Friday.
The last time 40,000 tonnes or more of 180-cst fuel traded in the Platts window in a single day was Aug. 3, data compiled by Reuters showed.
The lower transaction price levels weighed on 180-cst fuel premiums, knocking them 31 cents lower on Tuesday to $1.69 a tonne above Singapore quotes.
Traders said the weaker 180-cst fuel oil cash premiums were the result of softer spot demand and a slight increase in replenishment cargoes.
The weaker 180-cst complex was also reflected in prompt month time spreads. The Nov/Dec spread traded 25 cents lower on Tuesday from the previous session at a discount of 25 cents, well below the $1.27 a tonne average premium for September.