Indone-sia’s Pertamina has allocated an extra cargo of low-sulphur waxy residue (LSWR) for April, bringing the total to 2.145 million barrels, industry sources said.

The straight-run cargo, totalling 200,000 barrels for April 1-3 loading from the refiner’s Dumai refinery on the east coast of Sumatra island, was alloted to Pertamina’s trading arm, Petral.
Despite the increase, the month’s total allocation is still about 70,000 barrels less than in March.
“The low-sulphur market is still quite tight, with most of the demand coming from Japan, as it has been for the last three months since February,” a Singapore-based trader said.
“Demand is high, not only from Japan but the Philippines and China as well, although demand from Thailand has eased. Supply is also tight, with Indonesia selling less LSWR over the past two months.”
All of Pertamina’s March-allocation cargoes have been committed, with the last three parcels fixed for lifting.
The three parcels — all from Pertamina’s Balikpapan refinery in Kalimantan — are scheduled for delivery to Japan.