The price of bunker fuel in Durban hit a six-week high against the regional benchmark on Monday on the back of a strong daily rise at the South African port.
S&P Global Platts assessed 180 CST high sulfur fuel oil in Durban at US$345 per million tonne (mt) delivered on Monday – a total US$12 per mt up on the day.
One trader described fuel oil availability in Durban as "a little tight”, with S&P Global Platts highlighting that production in the region had been mixed.
The main crude distillation unit (CDU) at Sapref, South Africa's largest refinery, hadn't restarted after maintenance due to some unspecified problems, a source said last week.
Price of bunker fuel at a six-week high in Durban
Source: TPT
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