The LR2 market held steady over the weekend after rates inched up on Friday. It seems as though Chtrs are withholding second decade August cargoes to avoid the firm market. The LR1 market is stable as well but healthy ship supply may keep a lid on rates.
The MR market in the Far East is beginning to soften as the position list in South Korea continues to build up. More cargo inquiries are needed to keep MR rates from heading south.