Singapore bunker prices rose on Monday, and with the premium to fuel oil cargoes only slightly weaker, as sellers held on to high offers, traders said.
Prices for 380-centistoke (cst) bunker fuel were pegged at $343-$345 a tonne, down $2 from Friday's Asian close, with the differential to fuel oil at a premium of $3.70, down from $4.15.
"There's less buying interest today, which is not unexpected as many shipowners have filled their requirements over the last two days," a Singapore-based bunker supplier said.
"But the bunker premium is holding steady mainly because sellers are holding offers at a certain premium level due to a lack of buying pressure."