Singapore and Malaysia
Bunker demand has risen in Singapore this week, according to a source. VLSFO availability remains tight, with recommended lead times of around 11 days. Some suppliers can fulfil orders with shorter lead times of around five days, though these typically come at a higher cost.
HSFO supply is also limited, requiring lead times of 7–14 days, similar to last week. By contrast, LSMGO is more available, with steady lead times of 5–8 days.
Data from Enterprise Singapore shows Singapore’s residual fuel oil stocks have averaged 7% higher this month compared to September. Fuel oil imports have surged by 48%, adding 2.33 million bbls, while exports have risen by 991,000 bbls, leading to a stock buildup. Middle distillate stocks in the port have dropped by 10% this month, reaching 9.60 million bbls—the lowest since June.
At Malaysia’s Port Klang, VLSFO and LSMGO supplies are ample, with some suppliers offering prompt delivery for smaller volumes, though HSFO availability remains tight.
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