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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.
12 Dec 2011 06:45 GMT





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

Fueloil cargo concluded steady with marginal change, with a deal reported on screen. Gasoil cargo fell soft by about USD1.10/bbl and no deal being reported. Crude futures were showing weak as at 18:00 hrs local time here.

Delivered prices were quoted lower as expected, possibly tagging along the same curve as Crude sentiments. Meantime, our bunker indication is revised downward for all grades, amid average demand.

Morning Commentary

Crude futures for Jan values jumped higher last Friday to settle at USD99.41/bbl (+1.07/b) and USD108.62/bbl (+0.51/b) for the WTI Crude and ICE Brent respectively. However, Papers market opened mixed this morning. Fueloil paper gained USD3.00/MT while Gasoil paper was pegged softer by USD0.60/BBL.

We shall see how Cargoes' trading will react this afternoon. Meantime, our bunker indication remains broadly unchanged for all grades.


Related Links:

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

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