Singapore bunker prices firmed on Tuesday, although spot volumes traded were low, traders said. "There was a lot of spot demand today, but the volumes were small. Vessel operators are buying just enough fuel to last them to the next port," a Singapore bunker trader said.
"They hope to see a correction in cargo prices because of lower crude values." The higher premiums were due to thin bunker supplies, a trader said, adding that volumes were low till the end of the month. Prices for 380-centistoke (cst) bunker fuel were pegged at $304-$306 a tonne, while its differential to fuel oil cargoes firmed to a $10.00 a tonne premium, from $9.50 at the previous close. Ex-wharf cargoes were traded at $310-$312 a tonne.