Asia/Pacific News
Bunker Prices in Singapore Soft as the Week Ends
Asia ended the week with lower bunker prices in some key ports throughout the region, with Ship & Bunker data also showing ports in China, Taiwan, and elsewhere continued to remain unchanged. Most ports in the Pacific region saw gains to all products today.
Singapore IFO380 fell for a second consecutive day dropping $2.50 to $659.00 per metric tonne (pmt), down $1.50 week-on-week, and $27.00 higher than this time last month. Low sulfur 380 cSt product (LS380) was steady at $754.50 making the premium for the Emissions Control Area (ECA) compliant fuel $95.50 pmt. MGO fell $1.00 to $998.00 pmt, $4.00 higher than last Friday.
Busan IFO380 dropped $2.00 to $683.00 pmt, $1.50 higher than this time last week, and up $21.50 month-on-month. LS380 was steady at $823.50 making the premium for the low sulfur product $140.50 pmt. MGO fell for the first time since January 29, 2013 slipping $0.50 to $1026.00 pmt, up $4.50 week-on-week.
Hong Kong IFO380 was down for the first time since January 28, 2013 falling $0.50 to $672.00 pmt, an increase of $3.00 since last Friday, and $25.00 higher than January 15, 2013. MGO moved up $0.50 to $1018.50 pmt, up $5.50 week-on-week, and $55.00 higher than this time last month.
Tokyo IFO380 moved down for a second consecutive day falling $1.00 to $706.00 pmt, up $1.00 week-on-week, and $23.00 higher than this time last month. MDO was down $2.00 to $1023.00 pmt, up $10.50 since last Friday, and $55.00 higher month-on-month.
