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February 20, 2018

Bunker Fuel

Markets

Asian/AG Bunkers Commentary

New York (Platts)--06Dec17/0745 pm EST/ 0045 GMT

The market for bunker fuel in Singapore remained relatively muted on Wednesday, while the market in Fujairah was similar, trading sources said. "It seems the market is taking a slow approach," a Singapore-based trader noted. In the Platts Market on Close assessment process, there were no bids and offers for delivered or ex-wharf material in Singapore. Relatively steady crude and fuel oil prices were leading to a largely calm market for flat price in the ex-wharf market. Platts assessed Singapore ex-wharf 380 CST bunkers at $358.50/mt, down $0.50/mt day on day. For delivered bunkers, with offers heard $368-$370/mt, Platts assessed delivered 380 CST bunkers at $367/mt on Wednesday, down $3.25/mt day on day. In the Platts Market on Close assessment process in Fujairah, Vitol Asia bid for 500 mt of 380 CST bunker fuel for December 9-13 delivery at $364.25/mt, and Chemoil Middle East DMCC offered a similar-sized parcel of the same grade for delivery over the same dates at $364.75/mt. Both the bid and the offer stood unclaimed at the end of the MOC. Platts assessed Fujairah-delivered bunkers at $364.50/mt, reflecting a fall of $0.75/mt day on day.


Trends

Fujairah 180 CST


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