Singapore bunker fuel prices up and demand tepid

Singapore bunker prices rose on Wednesday, tracking firmer cargo values, traders said.
They said 380-cst bunker fuel oil was pegged at $205-$207 a tonne, up $7.00 from Tuesday, while 180-cst prices were at $213-$215.
"Demand is relatively quiet because the price went up," a Singapore-based bunker supplier said.
"Demand is expected to improve tomorrow," said another supplier.
Bunker prices in the region remain high, especially in South Korea and Hong Kong as some of their facilities are under maintenance.
South Korea's 380-cst prices were quoted at $230-232 a tonne due to a halt in bunker deliveries at its third-biggest oil refinery, S-Oil Corp.
"The prices almost unchanged (from last week) even though crude and cargo prices came off because Korea is suffering from a shortage in stocks, particularly from S-Oil," said a South Korean bunkers trader.