Singapore, 12 January (Argus) — Singapore's bunker prices rose on Tuesday, in line with crude prices at 4.30pm in Singapore and fuel oil paper prices.
Spot demand was weak again, as crude prices rose strongly during the end of the trading session. Argus collected eight deals and the earliest availabilities were heard around 22-24 January.
Argus received six Singapore very-low sulphur fuel oil (VLSFO) bunker deals with 0.5pc sulphur content totalling 8,420t. VLSFO today was assessed at $444.77/t, up by $8.84/t from Monday. Argus also received two Singapore low-sulphur marine gasoil (LSMGO) bunker deals totalling 1,110t. LSMGO today was assessed at $466/t, up by $19/t from Monday. Argus did not receive any high-sulphur fuel oil bunker deals and assessed the grade at $349/t based on offers heard, up by $5 from Monday.
Singapore's January front-month fuel oil swaps for HS380cst cargoes rose by $3/t to $331/t. The differential between Argus' delivered and cargo HS380cst assessments was $17.25/t, while the differential between delivered HS380cst and the front-month Ice Brent futures contract at 4.30pm was minus $1.03/bl.
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