Asia/Pacific News
Asia-Pacific Bunker Prices End the Week Firm
Bunker prices across the APAC region ended the week firm, with Ship & Bunker data showing Singapore, Busan, and Hong Kong IFO380 moving up for a fourth consecutive day.
Singapore IFO380 was up $6.50 to $645.00 per metric tonne (pmt), ending the week $14.00 higher than last Friday, and up $36.50 from January 1, 2013. Low sulfur 380 cSt product (LS380) was up $5.50 to $726.50 making the premium for the Emissions Control Area (ECA) compliant fuel $81.50 pmt. MGO was up $6.00 to $963.50 pmt, an increase of $28.50 week-on-week.
Busan IFO380 was up $3.50 to $674.00 pmt, $8.50 higher than last Friday, and up $29.00 month-on-month. LS380 climbed $7.00 to $815.00 making the premium for the low sulfur fuel $141.00 pmt. MGO moved up for a third consecutive day rising $3.00 to $992.00 pmt, up $11.50 since this time last week.
Hong Kong IFO380 moved up $4.00 to $658.00 pmt, a change of $11.00 from last Friday, and $34.50 higher month-on-month. MGO climbed $6.00 to $983.50 pmt, up $14.50 week-on-week, and $23.50 higher than January 1, 2013.
Tokyo IFO380 moved up for a third consecutive day gaining $2.50 to $691.50 pmt, making a gain of $8.50 since last Friday, and up $37.00 month-on-month. MDO was up $3.50 to $984.50 pmt, $12.00 higher week-on-week, and up $20.50 since this time last month.
