BULK & Bunker fuel prices, 0.5% VLSFO & global shipping market analysis. The heating ‘set point’ is manually input by the crew in the control system according to the viscosity chart found in the boiler instruction manual. Biggest IFO380 1-Day Movers. Price does tell us a lot, and we have seen VLSFO in Singapore fall from $740/ton at the start of the year to a low of $190 in late April and back up to around $320 today. Very-low sulphur residue will be produced predominantly by processing very-low sulphur crudes. Skip navigation. BitGuild PLAT price today is $0.000341 USD with a 24-hour trading volume of $8,724.72 USD. In the past (or present) the lower the viscosity the higher the price of the fuel oil, because it required more expensive components, like MGO (marine gas oil) to dilute the high viscosity bunker. The overall oil price slide took its toll on Very Low Sulfur Fuel Oil and other marine fuels. For the latest news, insight and market activity related to the IMO’s 0.5% sulphur cap,you can sign up for our free bi-weekly newsletter. The average price of VLSFO (very low sulfur fuel oil) nearly halved between January and March 2020. These prices are the average of the last few days from local sources. When you speak to one of our experts, you may be qualified to sample our industry-leading products on a no-cost basis. -No Data Reported; --= Not Applicable; NA = Not Available; W = Withheld to avoid disclosure of individual company data. The remainder will be made up of very-low sulphur fuel oil (VLSFO) blends, a largely unknown entity in the bunker market. Over the past few years, all new ARDS capacity additions have been built in Asia-Pacific or the Middle East, with more slated to come on line in the next couple of years. Countries. The simultaneous supply and demand shocks have sent bunker prices racing towards previous low levels with very low-sulphur fuel oil (VLSFO) trading at USD 246 per MT on 5 May 2020 in Singapore. Trade in blendstocks will mean that the final blends available at ports worldwide may not accurately reflect the types of blendstocks produced locally. Global average $662 per metric ton and $402 per metric ton respectively. CME DATAMINE: ... real-time market data feeds. Northwest Europe is already a major importer of sweet crude from the Mediterranean region, west Africa and, increasingly, the US. Khor Al Zubair. In order to compete, 3.5% HSFO will need to be priced at parity with LNG and coal which results in a price of approximately $220/mt. The distribution of the blends is as yet unclear, as most refiners have flexibility and will wait for the price signals to determine the best option. MobileGo is down 25.01% in the last 24 hours. Bunkerist Trading & Brokering. View our quick reference chart to find high quality marine fuel oils or lubricants to support your business. Refineries in Brazil and Argentina have a high base-load of sweet crudes, making them well placed to adjust to the new rules. Most of the 200mn t/yr high-sulphur fuel oil (HSFO) bunker fuel market will shortly be replaced by low-sulphur alternatives. Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. Latest Prices, VLSFO Fuel Oil, IMO2020 Grade, 0.5%S. Between December 24, 2019 and January 21, 2020, VPS, issued seven bunker alerts relating to sediment issues within VLSFO fuels, it said in a statement made available to Platts late Friday. The average price of VLSFO (very low sulfur fuel oil) nearly halved between January and March 2020. Matt Wright and Jonty Richardson, Argus Consulting Services, For the latest news, insight and market activity related to the IMO’s 0.5% sulphur cap,you can sign up for our, IMO 2020 series: navigating the transition period. Just over a year ago, in February 2019, a buyer or an operator of a vessel needing bunkers passing through the Mediterranean would habitually enquire in Gibraltar or Malta and typically get the best price compared with the alternatives. The gasoline crack spread has been weak at times this year, which could encourage some refiners to reduce FCC runs in favour of blending VGO into bunker fuel. But because the region is a net importer of crude, it has some flexibility to change its crude diet. To the north, you have European refiners with VGO to blend, but to the south, you have countries such as Algeria with simple topping refineries processing domestic sweet crudes. supply is not available. Please note that the fuel oil and marine gasoil prices listed below are indicative only provided for the sole purpose of giving an idea. $15.00 San Antonio. Medium and heavy crudes yield more residue than light crudes, but as shown in the chart below, global production of medium and heavy sweet crude represents just 13pc of total output. Indicative prices for 0.5% VLSFO are based on a formula that relies on price assessments calculated on a full day’s trading. UTC. Difference between VLSFO with 5 centistoke and 300 centistoke. Vitol and Uniper operate two simple refineries in Fujairah that import low-sulphur crude with the aim of producing very-low sulphur residue blends. $15.00 Coronel. $20.00 Rizhao. It has a circulating supply of 99,996,877 MGO coins and the max. Platts Oilgram Price Report gives insight into global oil market changes and fundamentals, plus a vast array of S&P Global Platts international prices for crude and products, netback tables, and market-critical data. VLSFO (Very-Low Sulfur Fuel Oil) and Bunker Fuel Prices. One year prior, the average price of HFO in those hubs was $428 per ton, equating to a year-on-year savings of 18% for non-scrubber ships . OCTOBER AVERAGE VLSFO Algeciras $558 $543 Piraeus $528 Rotterdam $501 $501 For identifying the trade corridors on respective countries, we have included below chart for your easy reference. Well for the price spread between HFO and VLSFO among other light and middle distillate products a glance worldwide same! Global average $ 662 per metric ton respectively VGO is most commonly processed in a catalytic... Blending with high-aromatic products, straight run or cracked residue that have a high base-load of sweet,... Information on the Nov 2019 average price of VLSFO blendstocks shipped from the Mediterranean region, or a country metric. Vlsfo and LSMGO reached massive premiums over high-sulfur IFO 380 during the month of January USD... High-Sulphur fuel oil ) and bunker fuel prices, VLSFO fuel oil VLSFO! 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