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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.
24 Jun 2010 06:27 GMT





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

Cargoes assessment concluded much weaker this afternoon. Fueloil cargo fell by about USD10.50/MT, while Gasoil cargo plunged sharply by around USD2.10/BBL. No deal was reported on screen.

Delivered market was offered much aggressively for all grades, though WTI Access was showing marginal dip earlier. Meantime, our bunker indication is revised downward once again, amid average demand.

Morning Commentary

NYMEX Crude price fell weak last night by USD1.50/BBL and WTI Access trading is showing steady with little change this morning.

In Singapore, Papers market opened soft too. Both Fueloil and Gasoil papers were pegged lower by USD7.50/MT and USD1.90/BBL respectively. With this, our bunker indication is revised downward for all grades.


Related Links:

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

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