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Singapore bunker or ship fuel prices were steady to stronger on Tuesday as higher crude oil shielded the market against thin demand.
Traders said 380-centistoke fuel oil was bid as low as $170 a tonne, with values quoted around the $174-level.
"Demand is very thin. Inquiry levels are just 5,000 tonnes," said a Singapore trader. Inquiries heard on Monday amounted to twice the volume.
Dealers said 180-centistoke (cst) bunker fuel oil was $1.00 a barrel stronger than Monday at $180-$184 a tonne although few deals were heard done.
Marine gas oil was stronger at $300-$304 as tight regional supply and strong demand across the region boosted prices.

Copyright Reuters, 2004

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