Asia/Pacific News
Bunker Prices Continue to Rise in Asia
Bunker prices in Asia continued to move up almost across the board, Busan IFO380 one of the exceptions which was down for a second consecutive day. Taiwanese ports saw IFO380 move up between $5.00 and $10.00 pmt.
Singapore IFO380 moved up for a second consecutive day rising $2.50 to $616.00 per metric tonne (pmt) down $24.00 over the past month and $53.00 since August 20, 2012. Low sulfur 380 cSt product (LS380) was steady at $699.00 making the premium for the low sulfur grade $83.00 pmt, and MGO at the port climbed $3.50 to $934.50 pmt for a two week gain of $12.50 and a month loss of $29.50 pmt.
Hong Kong IFO380 rose for a sixth consecutive market day moving up $2.50 to $625.00 pmt up $13.50 week-on-week and $9.00 over two weeks, while MGO gained $7.00 to $956.50 adding $7.50 to last Tuesday's price.
Tokyo IFO380 reversed yesterday's loss and moved up $0.50 to $666.00, down $1.50 from last Tuesday and losing $33.00 over the past month. MDO climbed $7.50 to $950.00 pmt adding $4.00 week-on-week and down $12.00 since August 20, 2012.
Port Klang 380 cSt product moved up $6.50 to $620.50 pmt adding $17.50 to last week's price, and MGO rose $2.50 to $957.00 gaining $18.50 over the past two weeks.
Busan IFO380 dropped for a second consecutive day falling $3.00 to $661.00 pmt losing $8.50 since October 22, 2012, while MGO climbed $2.00 to $957.50 pmt down $4.50 week-on-week.
