0.5%S marine fuel East-West spread hits all-time high on stronger Asian prices
The spread between Singapore marine fuel 0.5%S cargo and Rotterdam marine fuel 0.5%S barge assessments hit an all-time high of $108/mt on June 30, according to Platts assessments by S&P Global Commodity Insights, due to a stronger Asian market. The previous all-time high for the East-West spread was on May 31, when it reached $106/mt. S&P Global started assessing marine fuel 0.5%S East-West on April 4. Singapore marine fuel 0.5%S prices are typically higher than Rotterdam, allowing cargoes to move from the West to the East. The East-West spread is ...
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