China’s bonded bunker fuel sales in April declined as bunkering demand in the country was “relatively weak” and domestic refiners reduced VLSFO production, reports Engine quoting the market intelligence provider JLC.
China sold about 1.63 million mt of bonded bunker fuel in April, down from around 1.76 million mt sold in March. Chinese refiners produced about 1.2 million mt of VLSFO in April, down from 1.4 million mt in March, JLC reported earlier.
“Chinese customs strengthened the supervision of bunker barges, dampening ports’ bunkering business to some extent,” JLC stated.
Limited barge availability and lower VLSFO output have constrained the supply of the grade for bunkering in China’s Zhoushan port, with suppliers projecting lead times of 5-7 days for the grade.
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Source: Engine
