Bunker prices saw small to moderate gains in Asia, however Busan was mostly steady ending five consecutive days of falling IFO380 prices.
Singapore IFO380 moved up for a fourth consecutive day rising $0.50 to $605.00 per metric tonne (pmt), up $6.00 week-on-week, and down $11.00 from last month. Low sulfur 380 cSt product (LS380) was down $1.50 to $686.00 making the premium for the Emissions Control Area (ECA) compliant fuel $81.00 pmt. MGO was up $3.50 to $930.50 pmt, climbing $10.00 from last week.
Busan IFO380 was unchanged at $632.50 pmt, falling $8.50 from last Thursday, and down $28.50 from the previous month. LS380 at the port remained at $785.00 making the premium for the low sulfur grade $152.50 pmt. MGO was steady at $956.50 pmt, the same price as last week.
Hong Kong IFO380 rose $1.00 to $621.50 pmt, moving up $5.50 week-on-week, and slipping $3.50 from the previous month. MGO in Hong Kong was up $3.00 to $954.00 pmt, rising $6.00 from last Thursday, and down $2.50 from November 20, 2012.
Tokyo IFO380 moved up $3.50 to $648.50 pmt, $0.50 higher than last week, and $17.50 down from last month. MDO was up $6.50 to $956.50 pmt, rising $3.00 from last Thursday, and $6.50 higher than the previous month.
