Praxis Market Update

Tue 4 Oct 2011, 15:34 GMT

Marine bunker fuel prices continued their fall from the beginning of the week in major bunkering hubs across the world. In Singapore, demand was at average levels amidst ample supplies. Earliest deliveries were possible from October 10th - 12th onwards.

In Novorossiysk, MGO was reported as being very tight and thus the reason for the rise in price.

In Piraeus, tomorrow’s customs strike will not affect already planned barge schedules but will make difficult arranging new prompt deliveries.

Hong Kong local players reported good demand and supplies were mostly fine but 180-cst product was a bit tight. Earliest deliveries from the port was possible from October 9th onwards.

MGO


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