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“Markets May 2020.”


Latest Market Update

USA: “… What a difference a month can make. On 23 April SPI’s Triangulation Trading (TC 2 + TC 14) Benchmark reached a plateau of $101,398 TCE per day. By 22 May it had dropped to $16,480 TCE per day. CPP trading in the Atlantic and Caribbean jumped on the wave created by strong demand in the global crude markets and floating storage during April but demand quickly dropped in May. In spite of the recent steep decline in May, the monthly average for May was still a respectful $30,400 TCE per day. While  the Atlantic CPP market softened there was a spike in demand for CPP in Asia and a number of MRs fixed cargoes westward.​.

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