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June 20, 2018

Bunker Fuel

Markets

Asian/AG Bunkers Commentary

New York (Platts)--08Mar18/0745 pm EST/ 0045 GMT

The Singapore and Fujairah bunker markets fell Thursday as crude prices continued to soften in the week. In Singapore, buying interest saw a slight uptick from the day before amid lower bunker prices seen this week, trade sources said. The Platts Market on Close assessment process saw two offers for Singapore delivered 380 CST bunker fuel, with no bids and trades seen. Ocean Bunkering had offered 500 mt for March 11-15 delivery at $368/mt, and Glencore Singapore had offered 500 mt for March 11-15 delivery at $362/mt. Outside the MOC process, offers for delivered 380 CST bunker fuel were between $361/mt and $363/mt. The grade was assessed at $360.50/mt Thursday, down $4/mt from Wednesday. Meanwhile, ex-wharf 380 CST bunker fuel was assessed at $355/mt, down $4/mt day on day. Offers were heard at $356-$358/mt and a bid was heard at $354.50/mt. In Fujairah, sentiment was mixed with some traders noting steady inquiries and others noting slow discussions for the moment. No bids and offers were seen during the MOC process, while offers for Fujairah delivered 380 CST bunker fuel were heard outside MOC process at $368-$370/mt. The grade was assessed at $367/mt Thursday, down $4/mt from Wednesday.


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Fujairah 180 CST


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