Asia/Pacific News
Further Gains for East, South East Asia Bunker Prices
Bunker prices in East, and South East Asia on Monday followed Friday's gains with continued rising prices today, Ship & Bunker data showed.
Singapore IFO380 opened the week moving up for a third consecutive market day rising $3.00 to $633.50 per metric tonne (pmt), climbing $3.00 week-on-week, and $28.50 higher than December 21, 2012. Low sulfur 380 cSt product (LS380) rose $2.50 to $716.00 making the premium for the Emissions Control Area (ECA) compliant fuel $82.50 pmt. MGO was up $1.00 to $942.00 pmt, $1.50 lower than last Monday.
Busan IFO380 moved up $5.50 to $662.50 pmt, down $3.00 since last Monday, and up $29.00 month-on-month. LS380 moved up $2.50 to $832.50 making the premium for the low sulfur fuel $170.00 pmt. MGO moved up $1.50 to $976.50 pmt, $2.00 down week-on-week.
Hong Kong IFO380 moved up $3.50 to $647.00 pmt, down $2.00 since last Monday, and $24.50 higher than December 21, 2012. MGO fell $1.00 to $963.00 pmt, losing $5.50 week-on-week, and up $6.00 since this time last month.
Tokyo IFO380 climbed $1.00 to $681.50 pmt, down $2.50 since last Monday, and rising $32.00 month-on-month. MDO rose $1.50 to $966.50 pmt, $1.50 lower week-on-week, and a gain of $6.00 since December 21, 2012.
