Fluctuating Asian markets

摘要

Bunker fuel demand was mixed toward the end of the week beginning 1 July at various ports in the Asia Pacific and Middle East. In Singapore, demand for both the delivered and ex-wharf cargoes were low, similar to earlier in the week, sellers said. There has been "little support" for prices amid a supply glut, they added. Offers for the ex-wharf 380 CST grade bunker fuel were between US$588-US$592/mt. Bids were seen at US$586.50/mt at best, according to the sellers. Trades were concluded between US$587.50/mt and US$590/mt depending on the loading date, including prompt orders.