Japan’s kerosene stocks stand at 20,523 kbbl (Aug 2026), the highest in NE Asia; concurrent LNG import price premium over kerosene has narrowed to historic lows, activating kerosene-fired power generation as cold snap looms. Brent up 2.44% to $113.50, yet JPY depreciation offsets cost pressure — landed kerosene cost rose only 0.7%.

Zhoushan's bonded bunker volume chases international transshipment laycan; methanol and LNG enter the bunker list, and multi-fuel metering and traceability standards decide next season.