Bunker demand in China increased amid bullish sentiments on transport demand and higher bunker prices; suppliers also offered discounts to boost sales for the year end.
Sales of bonded bunker fuel increased and prices soared in H2 November amid growing trades and economic activities in the upcoming winter season, it said.
Sales of bunker fuel fell as demand was tepid in October amid sluggish demand for transport due to falling international trade activities as a result of...
China’s bonded bunker fuel sales rose to 1.69 million mt supported by the recovering shipping market and diverted traffic from Hong Kong which is under lockdown.
In June, bunker fuel prices in Malaysia and Singapore weakened compared with domestic prices and incentivised distributors to make large purchases, reports JLC.
Bunker fuel prices in Singapore weakened in mid-June and some users chose to refuel at Singaporean ports, which negatively impacted China’s bunker sales, reports JLC.
Singapore bunker fuel market was hit by the bankruptcy of Hin Leong Trading in May and some traders shifted focus to Chinese ports, adding to high...
‘Despite the overall weak shipping demand amid the rampant coronavirus, Chinese refiners started mass production of low sulfur bunker fuel,’ reads report.
China’s demand for bonded bunker fuel in March totalled 500,000 mt, showing an increase due to seasonal demand and effective control of the COVID-19 virus, says...
'Very likely' MARPOL Annex VI will be amended to make it an offence carry bunkers above 0.50% sulphur.
