Asia/Pacific News
Quiet Day for Bunker Markets in Asia
Asia bunker prices saw little change today as bunker markets in the region were quiet for the Spring Festival / Chinese New Year celebrations.
Singapore IFO380 gained $2.00 to $662.50 per metric tonne (pmt), up $12.00 week-on-week, and $25.50 higher than this time last month. Low sulfur 380 cSt product (LS380) was up $6.00 to $760.50 making the premium for the Emissions Control Area (ECA) compliant fuel $98.00 pmt. MGO rose $1.00 to $995.00 pmt, $23.50 higher than last Monday.
Busan IFO380 was steady at $681.50 pmt, $1.50 higher than last Monday, and an increase of $13.00 month-on-month. LS380 rose $0.00 to $817.50 making the premium for the low sulfur grade $136.00 pmt. MGO rose $1.00 to $1022.50 pmt, up $23.00 week-on-week.
Hong Kong IFO380 gained $1.50 to $670.50 pmt, $8.50 higher than last Monday, and up $18.00 since January 11, 2013. MGO continued its run of gains, up $2.00 to $1015.00 pmt, gaining $24.00 week-on-week.
Tokyo IFO380 was up for a ninth consecutive market day rising $2.00 to $707.00 pmt, $12.50 higher week-on-week, and an increase of $22.50 since January 11, 2013. MDO made gains for a fourth consecutive market day up $0.50 to $1013.00 pmt, an increase of $24.00 since last Monday.
