The supply of 180 CST bunker fuel in Hong Kong has tightened following a delay in the delivery of one of Chinese state trader Sinopec's imported cargoes, industry sources said Tuesday.
Sinopec will take delivery of a fresh cargo on April 13, which is likely to have been delayed by one to two days, a supplier said.
A source at Sinopec said as the cargo was delayed the company could offer spot 180 CST bunker fuel only after April 15 on a delivery basis due to tight supply. The Sinopec source didn't disclose the details of the cargo.
Hong Kong imports bunker fuel mainly from Singapore with 30,000-60,000 mt size tankers.
Sinopec is the largest supplier of the 180 CST grade bunker fuel in Hong Kong.
Hong Kong suppliers sell about 500,000 mt/month of bunker fuel, including 380 CST, 180 CST and marine gasoil.
Source: Platts
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Hong Kong 180 CST bunker fuel tightens on cargo delay: sources
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