Zhoushan's Hi5 spread collapses to seven-month low as HSFO supply tightens

Zhoushan's Hi5 spread has narrowed to its lowest level since February, as the HSFO price at the Chinese hub has surged while the VLSFO price has eased. The spread between VLSFO and HSFO averaged $41/mt on Tuesday, the lowest since 22 February. It was $217/mt on 2 September and peaked this year at $226/mt on ...