Asia/Pacific News
Singapore Bunker Prices Fall Again
The week opened with falling bunker prices throughout the APAC region, Ship & Bunker data showed, with Busan IFO380 falling for the first time in almost a month.
Singapore IFO380 moved down for a second consecutive market day falling $6.50 to $630.50 per metric tonne (pmt), $3.00 higher than last Monday, and up $32.00 since December 14, 2012. Low sulfur 380 cSt product (LS380) slipped $1.50 to $716.00 making the premium for the Emissions Control Area (ECA) compliant fuel $85.50 pmt. MGO fell for the first time since January 7, 2013 dropping $8.00 to $943.50 pmt, $6.50 higher than this time last week.
Busan IFO380 fell for the first time since December 19, 2012 slipping $3.00 to $665.50 pmt, up $8.00 week-on-week, and $25.00 higher than December 14, 2012. LS380 fell $1.50 to $834.00 making the premium for the low sulfur fuel $168.50 pmt. MGO in the port slipped $3.50 to $978.50 pmt, $8.50 higher than last Monday.
Hong Kong IFO380 dropped for the first time since December 31, 2012 down $3.50 to $649.00 pmt, $5.00 up from last Monday, and an increase of $34.50 month-on-month. MGO in Hong Kong moved down $5.00 to $968.50 pmt, up $5.00 week-on-week, and $19.00 higher than December 14, 2012.
Tokyo IFO380 was down for the first time since January 8, 2013 falling $0.50 to $684.00 pmt, up $21.50 week-on-week, and a $40.50 increase since month-on-month. MDO was down $1.50 to $968.00 pmt, the same price as last Monday, and $16.00 higher than the price on December 14, 2012.
