Singapore bunker prices fell on Friday, tracking lower cargo prices as the differential held steady at $6-$7 a tonne, traders said. Prices for 380-centistoke (cst) bunker fuel were pegged at $295-$297 a tonne, while its differential to fuel oil cargoes were steady at a $6.55 a tonne premium from the previous close.
Bunker premiums are still high, supported by thin supplies in Singapore, traders say, causing buyers to avoid the market.