Singapore bunker prices rose on Tuesday despite a weaker cargo market as ship-owners returned to end a week-long dry spell, traders said.
Traders put 380-cst fuel oil at $166/$168 a tonne, up $3/$4 from a day ago, although one deal was heard done for 2,700 tonnes of the shipping fuel at a low $159.75.
Traders quoted 180-cst at $172/$174, also up $3 from a day ago. One deal was heard done as low as $167 a tonne.
Inquiry levels were high at 15,000 to 22,000 tonnes, traders said.
But the upside could be limited, with heavy arbitrage supplies expected to start arriving in Singapore from next week, traders said.
Comments
Comments are closed.