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HSFO down for fifth session; Singapore stocks remain high

Asia’s spot premium for high sulphur fuel oil (HSFO) softened for a fifth consecutive session on Thursday, while onshore residue stocks at Singapore held high. Cash premiums for spot 380-cst HSFO fell to $3.55 per metric ton, with a lower-priced trade emerging for the product, although inter-month spreads rebounded from the previous session. In contrast, …