Singapore bunker prices rose on Friday, but failed to match the rise in fuel oil cargo values, dragging premiums lower, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $331-$333 a tonne, up $1 from Thursday's Asian close, with the differential to fuel oil lower at a premium of $4.00, down $2.00.
"Deliveries beyond April 7 is OK for most suppliers and there's where the demand has been. But for prompt deliveries before that, there's still a very substantial premium."
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