Singapore bunker fuel prices flat

08 Mar, 2006

Singapore bunker prices were unchanged on Tuesday, while differentials to cargo values rose, as sellers collectively tried to floor the recent slide, traders said.
Prices for 380-centistoke (cst) bunker fuel were pegged at $325 a tonne, unchanged from the Monday's Asian close, with the differential to fuel oil at a premium of about 75 cents, up $1.30 from day ago levels.
"The market is trying to stem the slide, we can't continue selling at a discount something has to give," a Singapore bunker trader said.
Shipowners meanwhile, were reluctant to book deals, choosing to wait for prices to slide further.

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