Singapore Market Commentary (with evening update)

Thu 16 Apr 2009, 07:35 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Fueloil cargo concluded steady today while Gasoil cargo surged by about USD0.70/BBL.

Delivered products were offered more or less the same as yesterday, except the MDO/MGO were quoted higher. WTI Access trading still showing moderate gains since morning. Demand was noted to average so far and our bunker indication shall remain unchanged, except the Distillates which were adjusted upward meantime.

Morning Commentary

NYMEX Crude price closed stable last night with marginal dip while WTI Access trading is showing some positive gains this morning.

In Singapore Papers market, Fueloil paper opened softer by close to USD4.00/MT while Gasoil paper was pegged higher instead, by USD0.60/BBL today. Meantime, our bunker indication remains unchanged for all grades till we see how the cargoes trading direction will take this afternoon

MGO Singapore Singapore (SG)


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