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Wed 2 Jan 2013, 06:36 GMT

Singapore Market Commentary (with evening update)

Evening Price Update

Cargoes trading ended firm this afternoon along with Paper gains. Fueloil cargo rose by about USD8.00/MT with a deal done. Gasoil cargo climbed by about USD1.00/BBL, no trade reported.

Delivered prices were quoted more higher than last Asian close. Crude futures were firming up more than earlier. Meantime, our bunker indication is revised upward for all grades once again, amid average demand.

Morning Commentary

Crude futures closed firm on the eve of New Year. However, their February values were firming up moments earlier.

In Singapore, both Fueloil and Gasoil papers opened higher by USD5.00/MT and USD0.65/BBL respectively. It seems the papers' sentiment to push Cargoes pricing is quite strong. Meantime, our bunker indication is revised upward for all grades.

Singapore  Singapore (SG) 
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