06
Mar

HSFO retains strength in volatile trading

Asia’s high sulphur fuel oil (HSFO) benchmarks clung to its recent strength on Thursday, with spot premiums and inter-month spreads widening amid volatile trading. Spot trades continued to emerge for 380-cst HSFO, with cash premiums holding strong into early April. Backwardation widened sharply at the prompt curve, rising beyond $23 a metric ton, compared with …