Prices for 380-centistoke (cst) bunker fuel were pegged at $281-$283 a tonne, down $2 from the previous trading day, with the bunker premium - the differential between bunker and fuel oil cargo prices - at $9.45, up a marginal 60 cents.
"Most big suppliers are unable to sell for deliveries before December 4 and some even later than that," a Singapore-based bunker supplier said.
"There are also those who are holding back in a falling market because levels have fallen below their monthly average levels. So they are waiting for the inevitable rebound to come."