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Malta HSFO-LSFO bunker spread at widest since last summer
The Malta delivered hi-lo bunker premium -- the price difference between delivered low sulfur and high sulfur bunker fuel in the Mediterranean port -- has risen to its highest level since last summer amid a shortage of LSFO from local bunker suppliers, sources said Thursday.
The low sulfur delivered premiums was assessed $140/mt over high sulfur Wednesday, the highest since July 1 when Platts started to reflect fuel with a maximum sulfur content of 1%, data showed. The 380 CST low sulfur bunker market was assessed at $730.50/mt.
On Wednesday, only one Maltese bunker supplier was able to offer firm prompt deliveries of LSFO, traders said, adding prices were also lent support from surging LSFO CIF MED cargoes.
Source: Platts
The low sulfur delivered premiums was assessed $140/mt over high sulfur Wednesday, the highest since July 1 when Platts started to reflect fuel with a maximum sulfur content of 1%, data showed. The 380 CST low sulfur bunker market was assessed at $730.50/mt.
On Wednesday, only one Maltese bunker supplier was able to offer firm prompt deliveries of LSFO, traders said, adding prices were also lent support from surging LSFO CIF MED cargoes.
Source: Platts
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