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May 20, 2018

Bunker Fuel

Markets

Asian/AG Bunkers Commentary

New York (Platts)--02Jan18/0745 pm EST/ 0045 GMT

Activity in the Singapore bunker fuel market was muted on the first trading day of 2018 but spirited in the Middle Eastern port of Fujairah, trade sources said Tuesday. "Demand is good today. We've seen a lot of volume. From one customer, we saw 15,000 mt of marine fuel requirement," a Fujairah trader said. In Singapore, there were no bids or offers for ex-wharf cargoes during the Platts Market on Close assessment process. Ex-wharf offers heard outside the MOC process were at $381.50-$382/mt. Singapore ex-wharf bunker fuel was assessed at $381/mt, up $2.50/mt from Friday. For delivered bunker fuel, Coastal bid at $392.50/mt for 500 mt of 380 CST bunker fuel for delivery over January 5-9, which was taken out by Peninsula Petroleum. Coastal did not bid on after the trade. Singapore delivered 380 CST bunker fuel was assessed at $392.50/mt, up 50 cents/mt day on day. During the Fujairah Platts MOC process, Chemoil Middle East DMCC bid at $387.50/mt for 500 mt of 380 CST bunker fuel for January 5-9 delivery, which was taken out by Vitol. Gulf Petrol Supplies offered a similar-sized parcel of the same grade for the same delivery period at $388/mt. Platts assessed Fujairah delivered 380 CST bunker fuel at $387.50/mt, up $3/mt from the previous session last Friday.


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Fujairah 180 CST


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