NCE平台:印度西海岸燃料需求稳健

Core Insights - The demand for marine fuel on India's west coast remained robust in November, supported by falling prices and improved domestic refinery supply, while the east coast faced challenges despite sufficient product availability [1][6]. Group 1: West Coast Demand - Major ports like Mumbai, Kandla, and Kochi maintained stable consumption due to competitive pricing and supply assurance post-monsoon [1][6]. - In Kandla, fuel demand remained stable with suppliers reporting inquiry volumes exceeding available supply, processing approximately 46,000 tons of very low sulfur fuel oil (VLSFO) in November [2][7]. - The price of marine fuel oil (0.5%) delivered in Mumbai was reported at $465 per ton on December 9, a decrease of $10 per ton from earlier in the week [2][7]. Group 2: East Coast Demand - The east coast ports, including Chennai, New Mangalore, and Tuticorin, showed relatively moderate demand, although Visakhapatnam experienced strong demand for high sulfur fuel oil (HSFO) [3][8]. - Local traders indicated that IOCL supplied 11,000 tons of VLSFO to the Hudaliya port in November, ensuring adequate product availability [3][8]. Group 3: Sri Lanka's Fuel Demand - Sri Lanka's fuel demand significantly declined due to operational disruptions caused by the "Dithwa" cyclone, with a month-on-month decrease of 15%-20%, totaling 65,000 tons across Colombo, Hambantota, and Trincomalee [4][9]. - Market participants expect HSFO demand to continue supporting overall shipment volumes, with a recovery anticipated as the cyclone's impact diminishes [4][9].