Asia/Pacific News
IFO Prices Climb in Many Parts of Asia, Dips at Some Key Ports
Bunker prices climbed in many parts of Asia on Tuesday, although Ship & Bunker data showed some key ports including Singapore, Busan, and Tokyo saw IFO dip today. IFO380 in India gained $2.00 to $7.00 per metric tonne (pmt).
Singapore IFO380 fell for the first time since January 16, 2013 down $4.00 to $629.50 per metric tonne (pmt), slipping $2.50 week-on-week, and $25.00 higher since December 24, 2012. Low sulfur 380 cSt product (LS380) dropped $2.00 to $714.00 making the premium for the Emissions Control Area (ECA) compliant fuel $84.50 pmt. MGO moved up for a third consecutive market day rising $1.00 to $943.00 pmt, $2.50 lower than last Tuesday.
Busan IFO380 slipped $1.00 to $661.50 pmt, the same price as this time last week, and up $28.00 month-on-month. LS380 at the port was steady at $832.50 making the premium for the low sulfur fuel $171.00 pmt. MGO climbed $1.50 to $978.00 pmt, $1.50 higher week-on-week.
Hong Kong IFO380 remained at $647.00 pmt, the same price as last Tuesday, and $25.50 higher than December 24, 2012. MGO in Hong Kong fell for a third consecutive market day down $1.50 to $961.50 pmt, falling $2.00 week-on-week.
Tokyo IFO380 slipped $3.50 to $678.00 pmt, $5.00 lower than this time last week, and up $29.50 compared to December 24, 2012. MDO was down $2.50 to $964.00 pmt, losing $4.00 week-on-week, and down $4.50 month-on-month.
