Asia Bunker Prices Continue to Steadily Rise

MDO in Tokyo continued climbing for a sixth consecutive market day

Bunker Prices in Asia continued to steadily rise today, with most products making small gains across the region.

Singapore IFO380 climbed $2.00 to $614.00 per metric tonne (pmt) today, down $2.00 from last Tuesday, and falling $11.00 over the past month. Low sulfur 380 cSt product (LS380) gained $13.00 to $699.00 making the premium for the low sulfur fuel $85.00 pmt. LS380 has fallen $19.00 since October 29, 2012. MGO in Singapore moved up for a seventh consecutive market day gaining $3.00 to $947.50 pmt, rising $13.00 week-on-week and up $8.50 compared to last month.

Hong Kong IFO380 climbed for a third consecutive market day gaining $3.50 to $628.50 pmt, up $17.00 since November 13, 2012, and down $15.50 compared to last month. MGO also moved up for a third consecutive market day rising $4.00 to $968.00 pmt for a week-on-week gain of $11.50.

Tokyo IFO380 was up $1.00 to $669.00 pmt making the price $3.00 higher than last Tuesday, and $1.50 higher than two weeks ago. MDO in Tokyo continued climbing for a sixth consecutive market day rising $5.00 to $968.00 pmt, making a week-on-week gain of $18.00 and adding $6.50 since October 29, 2012.

Port Klang 380 cSt product climbed $1.00 to $615.00 pmt down $5.50 compared to last Tuesday, and falling $16.00 from October 29, 2012. MGO fell for a second consecutive day losing $1.00 to $955.50 pmt and down $1.50 week-on-week.

Busan IFO380 was down for a second consecutive day dropping $1.00 to $652.00 pmt and falling $9.00 from last Tuesday. LS380 moved up $5.00 to $801.00 pmt to make the premium for the low sulfur product $149.00, and MGO climbed for a third consecutive day up $5.50 to $969.00 pmt.