The VLSFO cracks in Singapore and Rotterdam have strengthened, trading at $7.30/bbl and $1.75/bbl, respectively. The August-September VLSFO spread in Singapore has narrowed by nearly $2/mt, trading at $3.75/mt. Additionally, Chinese traders took advantage of the arbitrage window to sell Singapore HSFO contracts for August and September, as published on Engine.
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Source: Engine
