Singapore bunker prices fell on Wednesday, tracking lower fuel oil cargo values but the bunker/cargo premium strengthened, dealers said. Prices for 380-centistoke (cst) bunker fuel were pegged at $255-$257 a tonne, down $3 from Tuesday, with the bunker premium at $9-$10 a tonne, up $1 from the previous trading day. In the regional markets, prices were stable as supply tightness which had dogged Japan and Hong Kong eased. Avails were ample in Japan, recovering from two months of tightness which saw prices soar as high as $300 a tonne, as refineries maximised runs to meet strong demand for gasoline.
Hong Kong, which had been tight for the about two weeks due to delays in cargo arrivals, is also amply-supplied following the arrival of a replenishment cargo over the weekend.
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