Singapore bunker prices fell on Friday, tracking lower fuel oil cargoes and crude, as the bunker premium eased further. Prices for 380-centistoke (cst) bunker fuel were pegged at $317-$319 a tonne, down $3 from the previous day, with the bunker premium - the differential between bunker prices and fuel oil cargo values - down 25 cents at $16.25.
"The market is continuing a trend from yesterday as some suppliers continued to undercut others, offering as low as $316 a tonne and fixing at a dollar or so below that," a Singapore-based trader said.