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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Singapore Market Commentary
Liow Liak Hong, Wired Bunkering Pte. Ltd.
20 Jan 2015 10:27 GMT





Wired Bunkering Pte. Ltd. logo. Evening Price Update

Cargoes trading closed weaker today with fuel oil dipping by USD2.00/MT while gasoil plunged a dollar a barrel lower. Delivered prices seemed to be offering cheaper for delivery 26th-27th Jan onwards. Other than that, demand for earlier dates were either quoted higher or declined due to heavy barge commitment. Meantime, our bunker indications are revised downward for all grades amid above average demand.

Morning Commentary

NYMEX was closed yesterday due to New York holiday. ICE Brent future for March closed weak last night to settle at USD48.84/BBL (-1.33/b).

In Singapore, paper market was pegged softer. Both fuel oil and gasoil papers were valued lower by USD2.50/MT and USD0.35/BBL respectively. We shall see how cargoes trading will react later in the day. Meantime, our bunker indications remain unchanged for all grades.


Related Links:

Company: Wired Bunkering Pte. Ltd.
Country: Singapore
Port: Singapore

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