10
Jan

Hi-5 spread widens versus last week as HSFO softens

Asia’s hi-5 fuel oil spread widened by over 2% week-on-week, reflecting a softer market for high sulphur fuel oil (HSFO), while the very low sulphur fuel oil (VLSFO) market trended steady to slightly firmer this week. The premium of VLSFO over 380-cst HSFO, also known as the hi-5 (FO05-380SGMc1), closed at more than $100 a …