Ben Sarikaya

Daily Trade Idea: 05/06/2024

1 min read

Short Jul Sing 0.5% Crack

Asian low sulphur fuel oil market structure has weakened over the last couple of days of June, with cash differential for the marine fuel grade dropped to a five-week low amid competitive offers and weaker deals for June-loading physical cargoes. There is persistent lacklustre bunker demand in Singapore, which is expected to see additional supplies coming from Europe in the coming weeks.

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