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.