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Asia markets for both very low sulphur fuel oil (VLSFO) and 380-cst high sulphur fuel oil (HSFO) softened, while the hi-five spread was largely range-bound. Spot premiums and timespreads inched lower for both grades.
Spot fuel oil premiums in Asia were largely unchanged on Monday, with some trades for 380-cst high sulphur fuel oil (HSFO) emerging at rangebound premiums. More sale tenders from Southeast Asian exporters, including Thailand's PTT and Indonesia's Pertamina, were underway.
Spot fuel oil premiums were broadly steady in Asia Monday as additional sale tenders from Southeast Asian exporters closed. Emerging 380-cst HSFO trades were rangebound versus the prior session, while VLSFO trading was not fully detailed in the excerpt.