On December 27, the Asian fuel oil price spread across key months hit its narrowest level in two trading days, reflecting tight market conditions amid seasonal demand. Industry insiders noted that power plants in Asia are ramping up winter fuel consumption, providing some support to the market.
According to Reuters data, the January/February positive spread narrowed by $0.38 to $3.63 per ton, signaling a tighter balance between near-term and forward supply. Despite light trading volumes, the spot price spread also rose slightly, with the 180-cst fuel oil showing a discount of $3 per ton against the Singapore spot price — marking the highest discount in two days.
Meanwhile, the 380-cst fuel oil price spread saw a smaller narrowing of $0.15, with a discount of $0.75 per ton over Singapore's spot price, also hitting a two-day high. This suggests stronger demand for higher-grade fuel oil in the region.
Japanese and South Korean utilities have been increasing their winter fuel purchases, contributing to a decline in Singapore’s onshore fuel oil inventories. According to IES data, Singapore’s fuel oil stocks fell for the third consecutive week, reaching 19.465 million barrels as of the week ending December 20.
In Japan, the Nippon Oil Association reported that Class C low-grade fuel oil inventories rose to 770,000 kiloliters during the week of December 22, indicating a shift in storage patterns.
South Korea’s East-West Power recently secured 100,000 barrels of high-sulfur fuel oil from Mercuria, with cost-plus-freight (C&F) prices from Singapore rising by $1.88 per metric ton. This reflects growing pressure on shipping costs and increased demand for imported fuel.
Looking ahead, Reuters estimates suggest that the fuel oil cracking margin faced downward pressure in January due to rising crude oil prices. The margin, which measures the difference between refined fuel oil and Dubai crude, climbed to $10.26 per ton — up 24 cents from the previous month.
Overall, the Asian fuel oil market is showing signs of stabilization, driven by strong winter demand and tightening supply conditions. Analysts expect further volatility as the season progresses.Button Head Socket Cap Bolts, also referred to as hexagon socket bolts, cup head screws and hexagon socket head screws, are different in terms of their names, but they represent the same meaning. The commonly used hexagon socket head cap screws are also 4.8, 8.8, 10.9 and 12.9. Also known as hexagon socket screws, also known as hexagon socket bolts. Its head is hexagonal and cylindrical.
Button Head Socket Cap Bolts,Ss Button Head Screws,Allen Head Button Screw,Hex Socket Cap Head
Jiangsu Jiajie Special Screw Co., Ltd , https://www.jiajiescrewcompany.com