Singapore bunker prices rebounded on Friday, but its differential to fuel oil cargo values stayed in deep discounts for a third straight week on continued prompt weakness.
Prices for 380-centistoke (cst) bunker fuel were pegged at $332-$334 a tonne, up $4, while its differential to fuel oil cargoes stood at a discount of $3.45, showing a slender 80-cent improvement. "Demand is even worse today, mainly because it is the weekend and no one wants to take a position, and also buyers were put off by the price rise," a Singapore-based trader said.