TREE NEWS reports: Low-sulfur fuel oil closed up about 3.3% in the night session, leading gains among Chinese energy and coal futures. Fuel oil rose about 2.3%, propylene gained more than 2.2%, coking coal added over 1.3% and coke edged up more than 0.1%.
Low-sulfur fuel oil rises 3.3% in night session; fuel oil up 2.3%
The sharper move in low-sulfur fuel oil than in residual fuel oil points to a marine-fuel-specific bid rather than a broad crude-driven rally, since the two grades usually track each other closely. That divergence is the signal worth noting: it suggests tightening in the cleaner bunker segment, the kind of move that feeds directly into shipping and freight economics. Whether the premium holds through the next session, or unwinds as a one-night liquidity event, is the open question.
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