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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.
29 Dec 2011 07:07 GMT





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

Cargoes assessment ended firmer. Fueloil cargo gained by about USD1-2/MT, while Gasoil cargo concluded steady with little change. Crude futures were showing a slight surge moments ago. Meantime, our bunker indication remained unchanged for all grades, except the Intermediate Fueloil which is adjusted upward, amid thin demand.

Morning Commentary

Crude futures plunged sharply last night, dragging down all Papers' values this morning. Fueloil paper dipped lower by USD4.00/MT while Gasoil paper opened steady with marginal weakness.

Delivered prices might tag along, yet it will depend on how Cargoes trading will react this afternoon. Meantime, our bunker price remains unchanged for all grades.


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

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