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Durban marine gasoil price drops back as Enref refinery restarts
Marine gasoil prices in the South African port of Durban plummeted after the recent return of the Enref refinery from maintenance, traders said Thursday.
Ex-Wharf Durban marine gasoil fell to $957.50/mt Wednesday from $999.50/mt the previous day, the lowest level since Platts began assessing the grade in February 2013.
However, by Thursday market sources were reporting that prices may have already rebounded to around the $965/mt level.
“Singapore was up yesterday,” said one trader.
The Durban bunker fuel market typically tracks Singapore gasoil and 180 CST HSFO prices.
The Engen refinery restarted earlier in September following the end of maintenance that began on August 4.
Source: Platts
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