Asia/Pacific News
IFO380 Prices in Singapore Remain Flat
Bunker prices in Asia continued to lack direction on Tuesday, with Ship & Bunker data showing markets made mainly small movements across the region.
Singapore IFO380 remained flat, with a gain of $1.00 to $630.00 per metric tonne (pmt) today putting the grade $0.50 higher than last Tuesday with a spread of only $3.50 in that time. Low sulfur 380 cSt product (LS380) moved down $1.50 to $711.00 making the premium for the Emissions Control Area (ECA) compliant fuel $81.00 pmt. MGO in the port was up $1.50 to $944.00 pmt, up $1.00 week-on-week.
Busan IFO380 was up $0.50 to $664.00 pmt, $2.50 higher than this time last week, and up $19.00 month-on-month. LS380 remained at $806.00 making the premium for the low sulfur grade $142.00 pmt. MGO in Busan dropped for a second consecutive day down $1.50 to $978.50 pmt, $0.50 higher than last Tuesday.
Hong Kong IFO380 rose $1.00 to $647.00 pmt, the same price as last Tuesday, and $23.50 higher than December 31, 2012. MGO moved down $2.00 to $968.00 pmt, up $6.50 week-on-week, and an increase of $8.00 since this time last month.
Tokyo IFO380 fell $1.00 to $684.00 pmt, up $6.00 week-on-week, and $29.50 higher than December 31, 2012. MDO climbed $3.00 to $975.00 pmt, the highest price since October 22, 2012, and $11.00 up on last Tuesday's price.
