Chile's VLSFO Prices Surge With Arrival of Imported Product

VLSFO availability has recently run short, and a local refinery has now imported some new product to meet demand at a significantly higher price, a local source tells Ship & Bunker.

Ship & Bunker News Team Thursday 23 November 2023, 16:15

Chile's VLSFO Prices Surge With Arrival of Imported Product — Chile's VLSFO prices are on the rise. File Image / Pixabay

VLSFO prices in Chile have surged this week with the impending arrival of some more expensive imported product.

VLSFO delivered at Quintero, San Antonio, San Vicente and Talcahuano stood at $910-916/mt as of Wednesday, according to Ship & Bunker prices, all up by $125/mt from a week earlier.

VLSFO availability has recently run short, and a local refinery has now imported some new product to meet demand, but at a significantly higher price, a local source told Ship & Bunker on Thursday.

"Unfortunately the refinery bought an expensive batch," the source said.

"They imported this time from Peru, but a small batch."

The new product is available for delivery dates from November 29 onwards.

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	VLSFO	MGO
Singapore	$1,002.00 +1.50	$1,279.00 -43.50
Rotterdam	$778.00 +8.00	$1,427.00 -11.00
Houston	$837.50 -4.50	$1,406.00 -12.50
Fujairah	$984.00 -5.50	$1,697.00 -17.50
Global 20 Ports	$942.00 -2.00	$1,539.00 -11.50
Global 4 Ports	$900.50 —	$1,452.00 -21.50
Global Average	$989.00 +1.00	$1,595.50 -7.00