Singapore Market Commentary (with evening update)

Wed 31 Mar 2010, 07:57 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Fueloil cargo closed steady to slightly weak and two deals were traded. On the other hand, Gasoil cargo surged by about USD0.60/BBL, without any deal seen on screen. WTI Crude was firming up moments ago.

Meantime, our bunker indication remains unchanged, except the MDO/MGO which is revised updward. Demand was notably average.

Morning Commentary

NYMEX Crude price closed marginally firmer last night by US0.20 a barrel and WTI Access trading is steady with moderate fluctuation.

In Singapore, Papers market opened mixed. Fueloil paper was pegged softer by only about USD0.50/MT while Gasoil paper was talked USD0.35/BBL firmer today. For this, we shall maintain all our bunker indication unchanged till the Cargoes assessment is over this afternoon.

MGO Singapore Singapore (SG)


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