Chemical Updates

Asia and Middle East Fuel Oil Daily Market Analysis / LSFO market structure weakens after cash premium posts weekly gain / Benchmark 380 CST HSFO cash premium rises to near 2-month high

Aug 12, 2026

The Asian low sulfur fuel oil market structure edged lower Aug. 11 after the cash differential for the marine fuel grade posted a weekly gain of 40% in the week ended Aug. 7, while persistent concerns over near-term supplies are expected to support fundamentals in the coming weeks. The Singapore marine fuel 0.5% balance August- September swaps time spread was pegged at a backwardation of $57.50/metric ton in midafternoon trading Aug. 11, compared with assessment of the spread at $57.75/mt at the Asian close Aug. 7. the Singapore marine fuel 0.5%S cargo’s cash differential over the Mean of Singapore marine fuel 0.5%S assessment at a premium of $61.86/mt at the Asian close Aug. 7, up from $54.78/mt in the preceding session, data showed. The LSFO cash differential, which garnered strength...

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