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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.
23 Mar 2015 10:18 GMT





Wired Bunkering Pte. Ltd. logo. Evening Price Update

Cargoes assessment ended firmer. Paper values have softened down from this morning's opening. Fuel oil cargo gained by about USD2.50MT while gasoil cargo rose marginally by USD0.10/BBL. Delivered products were quoted higher, yet was revised to more competitive levels, possibly due to some weakness on the crude futures sentiment. Meantime, our bunker indications are revised upward only on the heavier grade, amid above average demand.

Morning Commentary

Papers market opened firmer today, possibly reacting to higher closing of crude futures values last Friday. Both fuel oil and gasoil papers opened higher by almost USD5.00/MT and USD0.70/BBL respectively. WTI crude price for May rose by USD1.04/BBL while ICE Brent future for May surged by USD0.89/BBL. We shall see how cargoes trading will react later this afternoon, as crude sentiment was showing weak earlier. Meantime, our bunker indications remain unchanged for all grades.


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

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