Asia Fuel Oil-380-cst HSFO cash differential steady

-0.62%

-0.24%

+0.23%

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NEW DELHI, July 15 (Reuters) - Asia's high sulphur fuel oil (HSFO) spot market were little changed in discounts on Tuesday, amid a quiet deals window and weakness in crude oil benchmarks.

Singapore 380-cst HSFO cash differential was pegged at a discount of about $7 a metric ton, while the intermonth spread between balance-July and August stood in a contango of $5.53.

Meanwhile, the very low sulphur fuel oil (VLSFO) market softened, with cash premiums extending losses at $3.91 per ton.

OTHER NEWS

- Oil prices retreated on Tuesday after U.S. President Donald Trump's lengthy 50-day deadline for Russia to end the Ukraine war and avoid sanctions eased immediate supply concerns. O/R

- China’s crude oil throughput in June rose 8.5% from a year earlier, official data showed on Tuesday, as state-owned refineries increased operations and saw a recovery in profit, according to consultancies.

- U.S. President Donald Trump's threat to choke off Russia’s oil revenue via secondary sanctions would deal a hammer blow to Moscow's finances, but markets are betting that the risk of higher energy prices will keep Washington from following through.

WINDOW TRADES O/AS

- 180-cst HSFO: One trade

- 380-cst HSFO: No trade

- 0.5% VLSFO: No trade

ASSESSMENTS

FUEL OIL
CASH ($/T)	ASIA CLOSE	CHANGE	PREV CLOSE	RIC
Cargo - 0.5% VLSFO	501.64	-13.25	514.89	MFO05-SIN
Diff - 0.5% VLSFO	3.91	-0.54	4.45	MFO05-SIN-DIF
Cargo - 180cst	407.51	-7.02	414.53	FO180-SIN
Diff - 180cst	-5.44	-0.19	-5.25	FO180-SIN-DIF
Cargo - 380cst	395.38	-7.23	402.60	FO380-SIN
Diff - 380cst	-6.98	0.07	-7.05	FO380-SIN-DIF
Bunker (Ex-wharf) Premium - 380cst	1.00	0.00	1.00
Bunker (Ex-wharf) Premium - 0.5% VLSFO	7.00	0.00	7.00

For a list of derivatives prices, please refer to ENSWAP/INFO or the RICs below:
180cst M1	FO180SGSWMc1
180cst M1/M2	FO180SGSDMc1
380cst M1	FO380SGSWMc1
380cst M1/M2	FO380SGSDMc1
0.5% VLSFO M1	LFO05FSGMc1
0.5% VLSFO M1/M2	LFO05FSGSMc1
Cracks 180cst-Brent M1	FO180BRTCKMc1
Cracks 180cst-Dubai M1	FO180SGCKMc1
Cracks 380cst-Brent M1	FO380BRTCKMc1
Cracks 380cst-Dubai M1	FO380DUBCKMc1
Cracks 0.5% VLSFO-Brent M1	LFO05SGBRTCMc1
Cracks 0.5% VLSFO-Dubai M1	LFO05SGDUBCMc1
Visco 180cst/380cst M1	FOVISSGDFMc1
Hi-5 0.5% VLSFO/380cst M1	FO05-380SGMc1
GoFo 10PPM/0.5% VLSFO M1	GO10FO05FSGMc1
East-West M1	FOSGEWMc1
Barges M1	HFOFARAAMc1
Barges M1/M2	HFOFARAASMc1
Crack Barges-Brent M1	HFOFARAACMc1

(Reporting by Mohi Narayan; Editing by Sahal Muhammed)

((Mohi.Narayan@thomsonreuters.com))

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