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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.
05 Aug 2010 06:18 GMT





Liow Liak Hong, Wired Bunkering Pte. Ltd. Evening Price Update

Cargoes assessment ended steady to firmer. Fueloil cargo closed by almost a dollar higher with two physical deals done being reported on screen. Gasoil cargo also climbed marginally by about USD0.30/BBL, supported by a deal being traded.

WTI Access trading is still showing slightly weak since this morning. Meantime, our bunker indication remains unchanged for all grades, amid below average demand.

Morning Commentary

NYMEX Crude price closed steady last night with little change and WTI Access trading is showing marginally weak this morning. However, Papers market was talked firmer today. Fueloil paper opened higher by USD2.00/MT while Gasoil paper was pegged with an incremental of USD0.80/BBL.

Once again, this might push bunker market to go up later this afternoon if Cargoes trading can support Papers' sentiment. Meantime, our bunker indication remains broadly unchanged for all grades


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

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