Singapore bunker prices were mixed on Thursday, with fuel oil tracking cargo prices higher and marine gas oil down as the tight supply situation was seen easing.
Traders pegged Singapore 380-centistoke (cst) prices at $172/$174 a tonne, up $1.00 from a day ago. They quoted 180-cst at $178/$180, up from Wednesday's $176/$178.
Despite the price rise, demand for shipping fuel was still deemed weak. One source with an oil major said there was demand for 10,000 tonnes, below Singapore's daily market average of 12,500 tonnes.
"It is very quiet today and I've not done one deal because the bids are too low," said a trader.
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