Asia/Pacific News
Small Gain in Singapore Bunker Prices
After two market days of falling prices, Singapore bunkers made a small gain today. Ship & Bunker data showed markets in the rest of South East Asia were steady, and prices in East Asia dipped.
Singapore IFO380 was up $1.50 to $632.00 per metric tonne (pmt), $1.00 up from last Tuesday, and $31.00 higher than December 17, 2012. Low sulfur 380 cSt product (LS380) dropped $3.00 to $713.00 making the premium for the Emissions Control Area (ECA) compliant fuel $81.00 pmt. MGO climbed $2.00 to $945.50 pmt, moving up $5.00 week-on-week.
Busan IFO380 fell $4.00 to $661.50 pmt, up $1.00 week-on-week, and $21.50 higher than December 17, 2012. LS380 slipped $3.50 to $830.50 making the premium for the low sulfur grade $169.00 pmt. MGO was down $2.00 to $976.50 pmt, up $6.50 from last Tuesday.
Hong Kong IFO380 fell $2.00 to $647.00 pmt, $3.50 higher than last Tuesday, and up $29.50 month-on-month. MGO fell for a second consecutive day down $5.00 to $963.50 pmt, an increase of $1.00 from this time last week, and $16.00 up from December 17, 2012.
Tokyo IFO380 moved down $1.00 to $683.00 pmt, up $21.50 week-on-week, and $40.00 higher than December 17, 2012. MDO was unchanged at $968.00 pmt, $9.50 higher than last Tuesday.
