Both the eastern HSFO and VLSFO complexes have seen generally lacklustre performance in the past two weeks, with both the 380 East/West and 0.5 East/West declining to $2.25/mt and $34/mt on 12 Dec, respectively, representing fortnightly decreases of around 30% and 20%. The European HSFO and VLSFO cracks also saw weakness but managed to recover over the fortnight, while the Jan’25 Euro Hi-5 contract is currently supported at $61/mt on 13 Dec at time of writing, having rallied from $51.50/mt on 02 Dec.
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