Asia/Pacific News
Movements Stay Small as Bunker Prices Lack Direction In Asia
Bunker prices in Asia were mixed on Wednesday as a number of markets saw a second day of small movements as others remained flat.
Singapore IFO380 climbed $1.00 to $599.00 per metric tonne (pmt), down $1.50 week-on-week, and falling $5.50 over the past month. Low sulfur 380 cSt product (LS380) rose $2.50 to $683.50 making the premium for the Emissions Control Area (ECA) compliant fuel $84.50 pmt. MGO dropped $2.50 to $920.50 pmt, slipping $20.00 since last Thursday.
Busan IFO380 was down $2.50 to $641.00 pmt, for a week-on-week change of $-7.50, and a month-on-month change of $-22.00. LS380 moved down $5.00 to $790.00 making the premium for the low sulfur grade $149.00 pmt. MGO in the port moved up for the first time since December 4, 2012 gaining $1.50 to $956.50 pmt, down $14.50 from last week.
Ports in Taiwan including Taichung, Suao, and Kaohsiung saw IFO380 remain flat for a second day, while MGO and MDO ended six days of falling prices, also making no change today.
Hong Kong IFO380 rose for a second consecutive day climbing $1.50 to $616.00 pmt, $1.50 lower than last Thursday, and up $4.50 from the price on November 13, 2012. MGO fell $0.50 to $948.00 pmt, falling $18.00 week-on-week.
Tokyo IFO380 moved up for a third consecutive day gaining $0.50 to $648.00 pmt, down $4.00 from last week, and slipping $19.50 from the previous month. MDO was up for the first time since December 6, 2012 rising $10.50 to $953.50 pmt, falling $4.50 week-on-week.
