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Singapore bunker prices were stable on Tuesday, despite higher fuel oil cargo values as suppliers continue to offer at lower levels to clear October barrels ahead of the month-end, traders said.

Prices for 380-centistoke (cst) bunker fuel were pegged at $308-$310 a tonne, unchanged from the previous day, with the bunker premium - the differential between bunker prices and fuel oil cargo values - falling by another $1.38 to $7.13.

"The resellers are just keeping offers at yesterday's levels but there isn't much demand in the market and not many deals got done," a Singapore-based trader said.

Copyright Reuters, 2005


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