Commodities 2021: Asia Marine Fuel 0.5%S Demand Expected to Rise

Singapore — Asian low sulfur marine fuel market is expected to witness gradual yet steady incremental demand growth in 2021, with sales likely to top pre-pandemic levels going into the second quarter of the year, market sources said.

“Economic activities will recover in Q2, as vaccines for COVID-19 becomes increasingly available; low sulfur bunker demand will rise in line with a recovery in ship movements,” a Singapore-based fuel oil trader said.

After operating at significantly low rates in the second quarter of 2020, the manufacturing industry has been ramping up operations in the second half, which had led to a recovery in marine fuel demand, another Singapore fuel oil trader said. Read more…..


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