Market Eye: Fundamentals Drag Down Asian Fuel Oil Markets

摘要

Asia-Pacific fuel oil markets are stumbling badly -- and this time, it's not the tail wagging the dog. In the past, a trading play in the Singapore trading window, which sets fuel oil prices for the Asia-Pacific region, has occasionally prompted the market to shrug off actual fundamentals and head in a different direction. Right now, however, the slump playing out within the window is likely a real reflection of fundamentals, market players say (IOD Mar.3'14).