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28.07.2019 kl 13:48 6867

HSFO Coming to Play in the Asphalt Market in 2020

IMO 2020 will have a major impact on the global bunker and fuel oil markets, and is also expected to be one of the most influential events in the asphalt market. The IMO regulation adjusts the sulfur limit in marine bunker fuel from 3.5 percent to 0.5 percent starting in January, but provides little guidance or detail about where the excess high sulfur fuel oil (HSFO) will go after it is pushed out of the bunker market. Allen Smith, the co-founder of Pennsylvania-based Asphalt & Sourcing Alliance (ASA), stated that among many potential pathways to deal with this excess, the global asphalt market may absorb up to 25 million tons of HSFO, thereby increasing global asphalt supply by nearly 20 percent and causing asphalt prices to drop after January 2020.

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