Spot discounts for high sulphur fuel oil narrowed on Wednesday amid the emergence of a firmer bid, though a wider trading lull persisted, market sources said.

Singapore’s cash differential for 380-cst high sulphur fuel oil was pegged at a discount of 75 cents a metric ton, while refining cracks steadied at discounts of about $10 a barrel.

Meanwhile, key benchmarks for very low sulphur fuel oil (VLSFO) also recovered, with cash differential flipping back into a small premium after sticking in discounts since the start of this month.

Source: Hellenic Shipping News