☆RIM BUNKER OIL INTELLIGENCE DAILY★No.9714 Aug 29 2024
Copyright(C) 2024 Rim Intelligence Co. All rights reserved.
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Rim Intelligence is selling the CD on power tender data for the fiscal year 2023. The CD is theyear 2023 version of power tender data, which is highly regarded by the industry since the firstissue for the fiscal year 2014. The latest version is released only in Japanese and covers thetender results by public institutions across Japan between April 2023 and March 2024. The 2023
CD elaborates on a combined 4,071 tenders (4,168 tenders in the 2022 CD) and makes year-onyear comparisons for 2,058 tenders (1,000 tenders in the 2022 CD). For overseas customers
outside of Japan, data in the CD is emailed and payment can be made in US dollars.
For application, please click:https://eng.rim-intelligence.co.jp/contents/info/powerDataCd2021eng.pdf◎RECX-22
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Lineup:Bunker Oil

Crude/Condensate

Products

LPG

Petrochemicals

Polyolefins

Biomass (Weekly)

LNG

Power

Daily Data

Rim Data File

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Rim Bunker Oil Intelligence Daily◎NoticeRIM INTELLIGENCE

Bunker Oil

3F Yaesudori Hata Bldg, 1 Chome 9-8 Hatchobori, Chuo-ku, Tokyo Japan
Tel:81-3-3552-2411 Fax:81-3-3552-2415 e-mail:info@rim-intelligence.co.jp◎North/South America--- 28Aug24 Closing Quotes --Port/Location
Vancouver BC*
Seattle/Tacoma*
Los Angeles*
San Francisco*
New York*
Philadelphia*
Norfolk*
Houston*New Orleans*
Panama*380CST
Low - High480.00 - 483.00
479.00 - 482.00
518.00 - 521.00
NA - NA
530.00 - 533.00
509.00 - 512.00
497.00 - 500.00
445.00 - 448.00
462.00 - 465.00
446.00 - 449.00

Change-10.00
-7.00
-5.00
-3.00
-5.00
-4.00
-5.00
-5.00
-10.00VLSFO
Low - High668.00 - 671.00
650.00 - 653.00
610.00 - 613.00
640.00 - 643.00
580.00 - 583.00
567.00 - 570.00
574.00 - 577.00
551.00 - 554.00
557.00 - 560.00
582.00 - 585.00

Change
-7.00
-4.00
-5.00
+2.00
-5.00
-5.00
-2.00
-9.00
-5.00
-5.00

LSMGO #
Low - High755.00 - 765.00
764.00 - 774.00
746.00 - 756.00
760.00 - 770.00
730.00 - 740.00
722.00 - 732.00
720.00 - 730.00
680.00 - 690.00
679.00 - 689.00
730.00 - 740.00

Change-24.00-6.00-6.00+10.00-13.00-3.00-5.00-20.00-14.00-10.00Change
-6.00
-3.00
-5.00
-17.00-17.00VLSFO
Low - High552.00 - 555.00
555.00 - 558.00
566.00 - 569.00
577.00 - 580.00
577.00 - 580.00

Change
-1.00
-6.00
-3.00
-10.00-10.00LSMGO
Low - High655.00 - 665.00
665.00 - 675.00
764.00 - 774.00
730.00 - 740.00
730.00 - 740.00

Change-13.00-10.00-1.00-20.00-20.00Change-15.00-15.00-14.00-14.00VLSFO
Low - High586.00 - 589.00
586.00 - 589.00
599.00 - 602.00
599.00 - 602.00

Change
-8.00
-8.00
-9.00
-9.00

LSMGO
Low - High740.00 - 750.00
740.00 - 750.00
755.00 - 765.00
755.00 - 765.00

Change-20.00-20.00-10.00-10.00Change-12.00-12.00-12.00-1.64-11.000.00-8.00-45.00-12.00VLSFO
Low - High635.00 - 638.00
660.00 - 663.00
655.00 - 658.00
644.64619.00 - 622.00
638.00 - 641.00
638.00 - 641.00
638.00 - 641.00
638.00 - 641.00
636.00 - 639.00
616.00 - 619.00
634.00 - 637.00

Change-10.00-10.00-10.00-1.36-20.00
+3.00
+3.00
+3.00
+3.00
-13.00-13.00-6.00

LSMGO(LSMDO:Japan)
Low - High
Change798.00 - 808.00-29.00808.00 - 818.00-29.00798.00 - 808.00-29.00823.91-3.95
661.00 - 671.00-24.00770.00 - 773.00+5.00
770.00 - 773.00+5.00
770.00 - 773.00+5.00
770.00 - 773.00+5.00
729.00 - 739.00-20.00695.00 - 705.00-35.00665.00 - 675.00-20.00--Note: In US DLRS/MT, *Ex-wharf◎Europe--- 28Aug24 Closing Quotes --Port/Location
Rotterdam
Antwerp
Hamburg
Gibraltar
Algeciras

380CST
Low - High446.00 - 449.00
457.00 - 460.00
512.00 - 515.00
502.00 - 505.00
502.00 - 505.00--Note: In US DLRS/MT◎Middle East/Africa--- 28Aug24 Closing Quotes --Port/Location
Las Palmas
Tenerife
KuwaitFujairah

380CST
Low - High517.00 - 520.00
517.00 - 520.00
455.00 - 458.00
455.00 - 458.00--Note: In US DLRS/MT◎Asia--- 28Aug24 Closing Quotes --Port/Location
Tokyo BayWest JapanIse Bay#Rim Average-Aug
S. Korea
Taiwan Kaohsiung PP***
Taiwan Keelung PP***
Taiwan Taichung PP***
Taiwan Others PP***

Shanghai
ZhoushanHong Kong

380CST
Low - High520.00 - 523.00
535.00 - 538.00
530.00 - 533.00
544.00486.00 - 489.00
534.00 - 537.00
NA - NA
NA - NA
NA - NA
540.00 - 543.00
473.00 - 476.00
478.00 - 481.00

Rim reports are copyrighted publications.

RIM INTELLIGENCE

Bunker Oil

3F Yaesudori Hata Bldg, 1 Chome 9-8 Hatchobori, Chuo-ku, Tokyo Japan
Tel:81-3-3552-2411 Fax:81-3-3552-2415 e-mail:info@rim-intelligence.co.jp

Singapore
Bangkok
Colombo462.00 - 465.00
524.00 - 527.00
NA - NA-11.00-6.00-

631.00 - 634.00
646.00 - 649.00
674.00 - 677.00

-9.00
-7.00
-8.00

658.00 - 668.00
738.00 - 748.00
765.00 - 775.00-22.00-16.00-19.00--Note: In US DLRS/MT, *Nakhodka, Vostochny, Vladivostok, ***Posted Prices#Rim Tokyo Bay monthly average◎Feature Stories○Alternative Bunker Fuel Oils
LNG bunker prices --- 27Aug24 Closing Quotes --Port/Location

Change#Low

High

Change#Rotterdam

-3

578

-

638

-3

Singapore

+2

615

-

675

+2

--Note: In US DLRS/MT, #from the previous week

Bio-bunker prices --- 27Aug24 Closing Quotes --Port/Location

Change#Low

High

Change#Rotterdam B30

+26

730

-

733

+26

Singapore B24

+33

733

-

736

+33

--Note: In US DLRS/MT, #from the previous week, UCOME-based(Both prices of LNG bunkers and bio-bunkers are updated every Thursday)

Bio-bunkers market increases on brisk VLSFO
market: Aug 27

However, the supply of VLSFO with quality

Indications for VLSFO with a bio-mix of a maximum

bunker suppliers also reduced their supply volumes.

of 30% in Rotterdam were at $730.00-733.00/mt and a

Nevertheless, the trading level remained at abio-mix of maximum of 24% in Singapore were atpremium $127-130/mt to the quotations along with a$733.00-$736.00/mt, both rising from the previous

growing sense of ampleness due to sluggish demand

week. Deals were reportedly done at a premium offor feedstocks of biofuels.

guaranteed had significantly declined, and bio-

$190-193/mt to FOB Rotterdam Barges 0.5％S fuel oil
paper swap values and at a premium of $127-130/mt

Based on statistics from the Maritime and Port

to Singapore 0.5%S fuel oil paper swap values. In the

Authority of Singapore (MPA), bio-bunker sales in

EU Emissions Trading System (EUA), CO2 futures

2024 peaked at 66,000 mt in March and have sinceprices were hovering in the high-Euro 70’s/mt as of

averaged in the low-50,000’s mt per month, below

Aug 27.

market expectations of 70,000 mt per month. On theother hand, demand for biofuels remained weak, andConsidering the current tightness in VLSFO supply,

inventories of UCO and UCOME, imported from

B24-VLSFO in Singapore was initially aiming tocountries such as China, were rising. This led to a

make a deal at a premium $155/mt to the quotations.
Rim reports are copyrighted publications.

RIM INTELLIGENCE

Bunker Oil

3F Yaesudori Hata Bldg, 1 Chome 9-8 Hatchobori, Chuo-ku, Tokyo Japan
Tel:81-3-3552-2411 Fax:81-3-3552-2415 e-mail:info@rim-intelligence.co.jp

strengthening sense of supply surplus in the biofuel

sourcing and supply chains of at least two companies

market.

producing renewable energy. Those companies
might have obtained government subsidies and used

Amid high prices of UCO/UCOME from China,

illegal feedstocks to produce UCO. The investigation

profits were not being passed on to final products likewould try to determine if feedstocks meetbio-bunkers. When anti-dumping investigations

government standards. The agency mentioned thatagainst Chinese biofuels were carried out in Europe,

vegetable oils like palm oil have been mixed into

the largest consumer, exports to Europe decreased.

UCO imported from Asia, raising concerns about

As a result, China's export volume was almost halved

improper pricing. Similar measures are being taken infrom the previous year. In China, only 30% of UCO

Europe, where anti-dumping duties were imposedcollection and UCOME production companies had

on Chinese UCO/UCOME/HVO in July, andbeen operating, causing a supply disruption.

additional tariffs were applied to some companies

UCOME prices for September delivery to Singapore

starting in August. Biofuel traders were concerned

were expected to be trading at $1,045–1,105/mt.

that Chinese UCO/UCOME exports will decline
further, leading to sustained high prices.

In the US, the Environmental Protection Agency(EPA) had launched an investigation into the◎MARKET COMMENTARY○Round Up
On Aug 28, prices of bunker fuel oil dived in thein the week ended on Aug 23 declined by 800,000 bbl.

primary ports reflecting weak crude oil prices.

But the scale of the draw was smaller than market
forecasts. Market players had expected a decline of

WTI crude futures on the NYMEX extended losses

2.30 mil bbls in crude inventories. In addition, theon Wednesday. The October contract ended at $74.52,

dollar's weak trend against the euro paused, making

down $1.01 from the previous day. The contract was

dollar-based crude prices less attractive, which also

$2.59 higher than one week ago.

weighed on crude futures.

Crude futures were under selling pressure on

North Sea Brent futures on the ICE declined further.

growing expectations that US crude demand would

The October contract was down 90cts from theshrink. Weekly inventory data released on

previous day at $78.65. The contract was $2.60 higher

Wednesday from the Energy Information

than one week ago.

Administration (EIA) showed that crude inventories

Aug 28 settlement prices
NYMEX・WTI OCT : $74.52/bbl (down $1.01/bbl versus the previous day)
ICE・BRENT OCT : $78.65/bbl (down $0.90/bbl versus the previous day)Rim reports are copyrighted publications.

RIM INTELLIGENCE

Bunker Oil

3F Yaesudori Hata Bldg, 1 Chome 9-8 Hatchobori, Chuo-ku, Tokyo Japan
Tel:81-3-3552-2411 Fax:81-3-3552-2415 e-mail:info@rim-intelligence.co.jp○Vancouver BC
The price for 380cst in Vancouver BC was in the

The price for VLSFO with a sulfur content ofrange of $480.00-483.00/mt, declining byless than 0.5% was in the range of $668.00-$10.00/mt from the previous day with a fall in

671.00/mt, easing by $7.00/mt from the previous

crude oil prices. Offers were heard in the range

day in reaction to weaker crude oil prices. Offersof $480.00-507.00/mt.

were reported in the range of $668.00-680.00/mt.

Rim reports are copyrighted publications.

RIM INTELLIGENCE

Bunker Oil

3F Yaesudori Hata Bldg, 1 Chome 9-8 Hatchobori, Chuo-ku, Tokyo Japan
Tel:81-3-3552-2411 Fax:81-3-3552-2415 e-mail:info@rim-intelligence.co.jp

The price for LSMGO was in the range ofOffers were cast in the range of $775.00-$755.00-765.00/mt, diving by $24.00/mt from the808.00/mt.

previous day reflecting weak crude oil prices.
○USWC
The price for 380cst in Seattle was in the range ofin the range of $610.00-613.00/mt, easing by$479.00-482.00/mt, weakening by $7.00/mt, the price$5.00/mt, and the price for LSMGO was in the range

for VLSFO with a sulfur content of less than 0.5% wasof $746.00-756.00/mt, falling by $6.00/mt from thein the range of $650.00-653.00/mt, falling by $4.00/mt

previous day reflecting weak crude oil prices.

and the price for LSMGO was in the range of $764.00774.00/mt, slipping by $6.00/mt from the previous

The price for VLSFO with a sulfur content of lessday with a fall in crude oil prices.

than 0.5% in San Francisco was in the range of$640.00-643.00/mt, edging up by $2.00/mt and the

The price for 380cst in Los Angeles was in the range

price for LSMGO was in the range of $760.00-

of $518.00-521.00/mt, softening by $5.00/mt, the price770.00/mt, climbing by $10.00/mt from the previous

for VLSFO with a sulfur content of less than 0.5% was

day on setback in selling pressure.

○USEC
The price for 380cst in New York was in thethe price for LSMGO was in the range ofrange of $530.00-533.00/mt, softening by$722.00-732.00/mt, edging down by $3.00/mt$3.00/mt, the price for VLSFO with a sulfur

from the previous day along with bearish crude

content of less than 0.5% was in the range ofoil prices.

$580.00-583.00/mt, easing by $5.00/mt, and theprice for LSMGO was in the range of $730.00-

The price for 380cst in Norfolk was in the range

740.00/mt, declining by $13.00/mt from theof $497.00-500.00/mt, declining by $4.00/mt, theprevious day mirroring weak crude oil prices.

price for VLSFO with a sulfur content of lessthan 0.5%S was in the range of $574.00-

The price for 380cst in Philadelphia was in the

577.00/mt, easing by $2.00/mt, and the price forrange of $509.00-512.00/mt, dropping by

LSMGO was in the range of $720.00-730.00/mt,$5.00/mt, the price for VLSFO with a sulfur

declining by $5.00/mt from the previous day

content of less than 0.5% was in the range of

tracking weak crude oil prices.

$567.00-570.00/mt, declining by $5.00/mt, and○USGC
The price for 380cst in Houston was in therange of $445.00-448.00/mt, easing by $5.00/mt,

The price for 380cst in New Orleans was in thethe price for VLSFO with a sulfur content of lessrange of $462.00-465.00/mt, easing by $5.00/mt,

than 0.5% was in the range of $551.00-

the price for VLSFO with a sulfur content of less554.00/mt, dropping by $9.00/mt, and the pricethan 0.5% was in the range of $557.00-

for LSMGO was in the range of $680.00-

560.00/mt, softening by $5.00/mt, the price for690.00/mt, plunging by $20.00/mt from the

LSMGO was in the range of $679.00-689.00/mt,

previous day reflecting weak crude oil prices.
Rim reports are copyrighted publications.

RIM INTELLIGENCE

Bunker Oil

3F Yaesudori Hata Bldg, 1 Chome 9-8 Hatchobori, Chuo-ku, Tokyo Japan
Tel:81-3-3552-2411 Fax:81-3-3552-2415 e-mail:info@rim-intelligence.co.jp

dropping by $14.00/mt from the previous day
reflecting weak crude oil prices.
○NWE
The price for 380cst in Rotterdam, thedelivery of VLSFO would be six days after

Netherlands was in the range of $446.00-

inquiries.

449.00/mt, declining by $6.00/mt, the price for
VLSFO with a sulfur content of less than 0.5%

The price for 380cst in Antwerp, Belgium was

was in the range of $552.00-555.00/mt, edging

in the range of $457.00-460.00/mt, edging down

down by $1.00/mt, and the price for LSMGO

by $3.00/mt, the price for VLSFO with a sulfur

was in the range of $655.00-665.00/mt, declining

content of less than 0.5% was in the range ofby $13.00/mt from the previous day in reaction$555.00-558.00/mt, declining by $6.00/mt, andto weaker crude oil prices.

the price for LSMGO was in the range of$665.00-675.00/mt, dropping by $10.00/mt from

Reflecting a fall in inventories of bunker fuelthe previous day along with weak crude oiloil, prices were supported in the Rotterdam

prices.

market. Amid low crack margins for petroleum
products, refining volume was said to have

The price for 380cst in Hamburg, Germany was

declined. Market players mentioned that somein the range of $512.00-515.00/mt, softening byplayers wished to export VLSFO cargoes to$5.00/mt, the price for VLSFO with a sulfur

Singapore, where the market remained brisk.

content of less than 0.5% was in the range of

However, the current inventory level was not$566.00-569.00/mt, easing by $3.00/mt, and theenough for export to Asia. There were growing

price for LSMGO was in the range of $764.00-

views that a sense of tightness would be even774.00/mt, edging down by $1.00/mt from thestronger for September delivery. The earliest

previous day reflecting weak crude oil prices.

○Gibraltar/Algeciras
The price for 380cst in British Gibraltar was in

The price for 380cst in Algeciras, Spain was in

the range of $502.00-505.00/mt, diving by

the range of $502.00-505.00/mt, diving by$17.00/mt, the price for VLSFO with a sulfur$17.00/mt, the price for VLSFO with a sulfur

content of less than 0.5% was in the range ofcontent of less than 0.5% was in the range of$577.00-580.00/mt, declining by $10.00/mt, and$577.00-580.00/mt, declining by $10.00/mt, andthe price for LSMGO was in the range ofthe price for LSMGO was in the range of$730.00-740.00/mt, plunging by $20.00/mt from$730.00-740.00/mt, plunging by $20.00/mt fromthe previous day in reaction to weaker crude oil

the previous day in reaction to weaker crude oil

prices.

prices.

○Fujairah
The price for 380cst in Fujairah, the United

previous day tracking weak Singapore fuel oil

Arab Emirates was in the range of $455.00-

paper swap values. Offers were cast at $455.00-

458.00/mt, retreating by $14.00/mt from the490.00/mt.

Rim reports are copyrighted publications.

RIM INTELLIGENCE

Bunker Oil

3F Yaesudori Hata Bldg, 1 Chome 9-8 Hatchobori, Chuo-ku, Tokyo Japan
Tel:81-3-3552-2411 Fax:81-3-3552-2415 e-mail:info@rim-intelligence.co.jp

The price for VLSFO with a sulfur content of

The price for LSMGO was in the range ofless than 0.5% was in the range of $599.00-$755.00-765.00/mt, declining by $10.00/mt

602.00/mt, dropping by $9.00 from a day before

from the previous day with a fall in Singapore

in reaction to weaker Singapore 0.5%S fuel oil

gasoil paper swap values. Offers were posted at

paper swap values. Offers were heard at$755.00-825.00/mt.

$599.00-625.00/mt.
○JapanThe price for 380cst in Tokyo Bay, Japan, wasdelivery before Sep 6 due to the incomingin the range of $520.00-523.00/mt, diving by

typhoon. On the other hand, Idemitsu Kosan$12.00/mt from a day before with a fall in theseemed not to restrict shipments so far.

fuel oil paper swaps values in Singapore. Offers
were heard at $520.00-535.00/mt.

The price for LSMDO in Tokyo Bay, Japan,
was at $798.00-808.00/mt, diving by $29.00/mt

The price for VLSFO in Tokyo Bay, Japan,

from a day before with a fall in the gasoil paper

was in the range of $635.00-638.00/mt, sharply

swaps values in Singapore. Offers were heard atdown $10.00/mt from a day before with a fall in$808.00-818.00/mt. On Wednesday, ENEOS andthe 0.5% sulfur fuel oil paper swaps values in

Idemitsu lowered their wholesale price for 0.5%

Singapore. Offers were heard at $635.00-

sulfur A-type fuel oil applied on Thursday

661.00/mt. Selling interest was still strong amid

onward by 4,000yen/kl. On the other hand, thefew inquiries, and price competitions became

government subsidy was cut by 3,400yen/kl tomore intensive. An offer for an inquiry of a 400-

16,600yen/kl from the current 20,000yen/kl. It

600mt lot for delivery in early September wasadded up to a fall by 600yen/kl. The monthly

heard at $646.00/mt, and that of a 420-460mt lot

average of VLSFO of Rim Intelligence forfor delivery in mid-September was reported atAugust was at $644.64/mt, down $28.25/mt$635.00/mt. Meanwhile, ENEOS was cautious offrom the previous month.

○South Korea
The price for 380cst in South Korea was in thepaper swaps values in Singapore. A petroleum

range of $486.00-489.00/mt, down $11.00/mt

processing company offered at $622.00-

from a day before with a fall in the fuel oil

625.00/mt and a conglomerate company atpaper swaps values in Singapore. A joint$629.00-632.00/mt.

enterprise offered at $490.00-493.00/mt fordelivery on Sep 8 onward. A market source said

The price for LSMGO with a sulfur content

that delivery date was delayed due to theof less than 0.1% was in the range of $661.00-

incoming typhoon.

671.00/mt, dipping by $24.00/mt from a day
before with a decline in the gasoil paper swaps

The price for VLSFO with a sulfur content ofvalues in Singapore. The conglomerateless than 0.5% was in the range of $619.00-

company offered at $671.00-681.00/mt. The

622.00/mt, diving by $20.00/mt from a day

earliest delivery for VLSFO and LSMGO by the

before with a fall in the 0.5% sulfur fuel oil

company was set on Sep 1 onward.

Rim reports are copyrighted publications.

RIM INTELLIGENCE

Bunker Oil

3F Yaesudori Hata Bldg, 1 Chome 9-8 Hatchobori, Chuo-ku, Tokyo Japan
Tel:81-3-3552-2411 Fax:81-3-3552-2415 e-mail:info@rim-intelligence.co.jp○ChinaThe price for 380cst in Zhoushan, China was in
the range of $473.00-476.00/mt, plunging by$45.00/mt from a day before tracking weak
Singapore fuel oil paper swap values. Offers
were posted in the range of $473.00-515.00/mt.
The price for VLSFO with a sulfur content ofless than 0.5% was in the range of $616.00619.00/mt, declining by $13.00/mt from theprevious day in reaction to weaker Singapore
0.5%S fuel oil paper swap values. Offers were
cast at $616.00-640.00/mt. Parcel with a total ofmore than 500 mt for delivery on Sep 3 onwards
were traded at a premium of $23-47/mt toSingapore 0.5%S fuel oil future prices on
Wednesday, showing no changes from theprevious day.

Bunker fuel oil prices plummeted in Zhoushan
on Wednesday on the back of ample inventories
and retreating demand. The market was soft as
worries about supply from a state-owned oilcompany was not factored. Nevertheless, a fall in
prices was limited in Shanghai, reflecting a lackof the export quota and inventories.
The price for LSMGO with a sulfur content ofless than 0.1% was in the range of $695.00705.00/mt, diving by $35.00/mt from a day
before with a fall in Singapore gasoil paper swap
values. Offers were heard in the range of $695.00745.00/mt.

○Hong Kong
The price for 380cst in Hong Kong was in the

0.5%S fuel oil paper swap values. Offers wererange of $478.00-481.00/mt, dropping by

cast in the range of $634.00-650.00/mt.

$12.00/mt from a day before with a fall in
Singapore fuel oil paper swap values. Offers
were posted at $478.00-489.00/mt.

The price for LSMGO with a sulfur content ofless than 0.1% was in the range of $665.00675.00/mt, plunging by $20.00/mt from a day

The price for VLSFO with a sulfur content of

before tracking weak Singapore gasoil paper

less than 0.5% was in the range of $634.00-

swap values. Offers were heard in the range of

637.00/mt, edging down by $6.00/mt from the$675.00-688.00/mt.

previous day in reaction to weaker Singapore○Singapore
The price for 380cst in Singapore was in the

0.5%S fuel oil paper swap values. Offers wererange of $462.00-465.00/mt, slipping by

quoted in the range of $631.00-648.00/mt.

$11.00/mt from a day before reflecting weakParcels with a total of more than 450 mt forSingapore fuel oil paper swap values. Offers

delivery on Sep 6 onwards were traded at awere heard at $462.00-475.00/mt.

premium of $35-49/mt to Singapore 0.5%S fueloil future prices on Wednesday, showing no

The price for VLSFO with a sulfur content ofchanges from the previous day.

less than 0.5% was in the range of $631.00634.00/mt, easing by $9.00/mt from theprevious day in reaction to weaker Singapore

A fall in VLSFO prices was limited owing to
the current supply tightness, despite a fall in

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RIM INTELLIGENCE

Bunker Oil

3F Yaesudori Hata Bldg, 1 Chome 9-8 Hatchobori, Chuo-ku, Tokyo Japan
Tel:81-3-3552-2411 Fax:81-3-3552-2415 e-mail:info@rim-intelligence.co.jp

Singapore 0.5%S fuel oil paper swap values.

South Korea, and Japan, depending on the

Under the circumstances, a premium to theshipping routes.

quotations was hard to narrow to $30/mt or
lower since VLSFO inventories and its

The price for LSMGO with a sulfur content offeedstocks were extremely running short. On theless than 0.1% was in the range of $658.00-

other hand, amidst supply concerns, some668.00/mt, dropping by $22.00/mt from a day

buyers were shifting their procurement places

before with a fall in Singapore gasoil paper

from Singapore to Fujairah in the Middle East,

swap values. Offers were heard at $658.00679.00/mt.

◎POSTING ADJUSTMENT○Taiwan CPC revised official prices on Aug 29
CPC in Taiwan cut official prices for bunker fuel oil (380cst) by $10.00/mt on Aug 29. Moreover, official
prices for bunker fuel oil (LS180cst) were slashed by $10.00/mt and official prices of LSMGO with asulfur content of less than 0.1% were cut by $20.00/mt. Prices in main ports are shown below.
380cst180cst(0.5%S)

LSMGO(0.1%S)

Kaohsiung

527.00631.00753.00Keelung

n.a.

631.00753.00Taichung

n.a.

631.00753.00

Othersn.a.

631.00753.00◎MARKET NEWS
○China fuel oil consumptions in Jul, down 26.42% on year
According to calculations by Rim Intelligence, China consumed 3.29 mt of fuel oil in July down 26.42% on
year and down 6.49% on month. The accumulated consumptions from January to July were at 28.90 mil mt,
down 17.81% from the same period last year. According to data by National Bureau of Statistics of China
and China Customs, productions of fuel oil in July were at 3.58 mil mt, down 18.82% and down 1.02% onmonth. Imports in the month stood at 1.38 mil mt, down 13.98 on year and down 7.64% on month. Exports
were a 1.66 mil mt, up 8.37% on year and up 4.88% on month.
◎INFORMATION○Report on adherence to PRA principles
Rim Intelligence uploaded the report of the governance, processes and controls relating to the adherence
to the PRA principles outlined by International Organization of Securities Commissions (IOSCO) based onreasonable assurance on Dec 20, 2023. All of the daily reports of Rim Intelligence are subject to theprinciples. Please visit the following website for perusal.
<Reports>
Bunker Oil, Crude/Condensate, Asia Products (Products), LPG, Lorry Rack, Japan Products,
Petrochemicals, LNG, Powerhttps://www.rim-intelligence.co.jp/contents/info/pramenuEng4/◇

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Bunker Oil

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