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February 20, 2018

Bunker Fuel

Markets

Asian/AG Bunkers Commentary

New York (Platts)--07Dec17/0745 pm EST/ 0045 GMT

Thursday saw the sharp downtick in crude oil prices followed into the bunker markets in Singapore and Fujairah, with bunker fuel prices in both ports falling. During the Platts Market on Close assessment process, there were no bids or offers for delivered or ex-wharf material in Singapore. Platts assessed Singapore ex-wharf 380 CST bunkers at $350/mt, down $8.50/mt day on day. For delivered bunkers, the MOC process saw a bid from Coastal for a 500 mt parcel of delivered 380 CST fuel at $353.50/mt for delivery over December 10-14 and Ocean Bunkering offering a larger parcel of 1,500 mt for delivery over the same dates to $357/mt. Neither the bid or offer traded. Platts assessed delivered 380 CST bunkers at $356.50/mt Thursday, down $10.50/mt day on day. During the MOC process in Fujairah, Vitol Asia bid for 500 mt of 380 CST bunker fuel for December 10-14 delivery at $353.00/mt, and Chemoil Middle East DMCC offered a similar-sized parcel of the same grade for delivery over the same dates to $353.50/mt. Both the bid and offer stood unclaimed at the end of the MOC process. Platts assessed Fujairah delivered bunkers at $353.25/mt, down $11.25/mt day on day.


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Fujairah 180 CST


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