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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.
26 Aug 2010 06:04 GMT





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

Cargoes assessment ended firmer this afternoon upon Market-On-Close. Fueloil cargo surged by about USD5.50/MT while Gasoil cargo closed higher by around USD1.00/BBL. As expected, delivered prices were quoted more expensive.

WTI Access trading is still showing positive gains in which it climbed to its peak at USD73.32/BBL earlier. Meantime, our bunker indication is revised upward for all grades, amid below average demand so far.

Morning Commentary

NYMEX Crude price rebounded last night to conclude at USD72.52 a barrel. WTI Access trading is firming up with more gains this morning, thus pushing up Papers sentiment.

Both Fueloil and Gasoil papers were pegged firmer by USD2.50/MT and USD0.75/BBL respectively. This will possibly stimulate the bunker market to sell higher if Cargoes trading can further support this trend. Meantime, our bunker indication is revised slightly upward for all grades.


Related Links:

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

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