North America

Prompt deliveries across all grades are tight in Houston, but some suppliers can still offer limited quantities for prompt dates. Others can offer from 7 June onwards, sources say.

LSMGO has been in limited supply in New York and several other East Coast ports this month amid dwindling distillate inventories in the region. LSMGO can now be offered in New York with 5-8 days of lead time, and availability prospects look good for dates further out than two weeks. The port’s LSMGO price premium over Houston has eased back down from nearly $350/mt in mid-May, to around $220/mt now.

In Marcus Hook, HSFO availability is tight as only few suppliers can offer the grade. A supplier has limited quantities and can offer with minimum of 10 days of lead times. Suppliers are typically fully booked for prompt dates, sources say.

Availability of VLSFO and LSMGO is tight in Los Angeles and Long Beach. VLSFO has been priced with a big difference between the highest- and lowest-priced suppliers this week. Some suppliers can offer deliveries on prompt dates, but priced at a premium, sources say.

The earliest delivery date for a supplier in Long Beach is 11 days out. Securing VLSFO and LSMGO for prompt delivery dates at the San Francisco anchorage can be difficult. A supplier is running low on both grades and expects replenishment by mid-June, and pegs its earliest delivery date to around 17-20 days out.

Latin America
Certain suppliers are fully booked VLSFO and LSMGO deliveries for the remaining days of the week in Panama’s Cristobal and Balboa, while next week has more open spots in delivery schedules for all grades.
Several suppliers in Jamaica’s Kingston have set their earliest delivery dates for VLSFO to 5-7 days ahead.
Supply was squeezed in Trinidad earlier this month, pushing recommended lead times to around two weeks or more. Three suppliers can now offer VLSFO and LSMGO for delivery in 4-6 days.

VLSFO can be supplied in Colombia’s Barranquilla with four days of lead time.
Zona Comun has similarly seen improved prompt availability. A supplier there can deliver in four days.

Source: ENGINE