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BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
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Singapore Market Commentary (with evening update)
Liow Liak Hong, Wired Bunkering Pte. Ltd.
10 Feb 2010 06:51 GMT





Liow Liak Hong, Wired Bunkering Pte. Ltd. Evening Commentary

Fueloil cargo closed firm by USD 6-7/MT while Gasoil cargo went up by USD 0.80-0.90/BBL this afternoon. Cargo activity was rather quiet and price gain was mainly led by paper hike.

For Bunker market, sellers tend to be careful or sidelined due to coming long weekend for Lunar New Year holidays. Our Bunker indication remains broadly unchanged.

Morning Commentary

NYMEX crude closed higher by USD 1.86/BBL last night and ACCESS is showing some downward correction by USD 0.40-0.50/BBL now.

Along with crude momentum, both Fueloil and Gasoil paper notionally opened firm by USD 8-9/MT and USD 1.10-1.20/BBL respectively. Our Bunker indication too was revised higher for all grades meantime..


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

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