Singapore bunker prices fell on Friday, but its differential to fuel oil cargo values remained steady from the previous day, as traders were seen making aggressive offers into the market.
Prices for 380-centistoke (cst) bunker fuel were pegged at $334-$336 a tonne, down $3 from the previous day, while its differential to fuel oil cargoes stood at a discount of $2.70, up 15 cents from the previous session. "There is demand in the market, but the sellers are undercutting each other," a Singapore-based trader said.