Prices for B30 very-low sulphur fuel oil (VLSFO) blend in Singapore firmed on 2 December, supported by market indications. An indication on a delivered premium basis was seen at $285/t or at $709.25/t on an outright basis.
No further indications were seen, with prices assessed at $699.25-709.25/t delivered on board (dob) basis.
Discussions were thin for B24 VLSFO blend, with prices assessed at $639.25-644.25/t on a dob basis and in line with the slight dip seen in cargo values on the day.
Meanwhile, February Ice Brent Singapore crude futures fell by 37¢/bl on the day to $63.15/bl, despite some supply concerns after two sanctioned Russian tankers were hit off Turkey.
Offers for used cooking oil methyl ester (Ucome) in line with Argus methodology were at $1,165-1,180/t fob China across regions, but buying interest remained thin, participants said. The assessment was stable at $1,150-1,165/t fob China.
Strait of Malacca bulk Ucome remained at $1,260-1,270/t fob. A trader, and a seller were was not offering volumes, both saw quiet markets. The seller also agreed with the current assessment.
The daily commentary does not reflect all deals collected during the day. For a full list of daily, spot bunker deals and firm price quotes collected by Argus globally click here.
