Asia/Pacific News
Most Asian Bunker Prices Move Down, as Singapore IFO Firm
While Singapore IFO made a small gain Thursday, most bunker prices in the rest of Asia continued to make small negative movements. Ship & Bunker data showed Busan, Hong Kong, and Tokyo all saw IFO380 fall for a fourth consecutive day.
Singapore IFO380 rose $1.00 to $628.00 per metric tonne (pmt), making a week-on-week loss of $10.00, and up $27.00 since December 17, 2012. Low sulfur 380 cSt product (LS380) rose $2.50 to $712.50 making the premium for the Emissions Control Area (ECA) compliant fuel $84.50 pmt. MGO dropped $4.00 to $938.00 pmt, losing $12.00 since this time last week.
Busan IFO380 was down $4.00 to $653.00 pmt, falling $14.50 week-on-week, and $13.00 higher month-on-month. LS380 fell $2.50 to $828.50 making the premium for the ECA compliant fuel $175.50 pmt. MGO in the port slipped $2.00 to $974.50 pmt, down $4.50 since last Thursday.
Hong Kong IFO380 was down $1.50 to $641.50 pmt, $8.00 lower compared to last Thursday, and up $24.00 since December 17, 2012. MGO in Hong Kong was up $0.50 to $966.50 pmt, making a $-5.00 change week-on-week, and rising $19.00 month-on-month.
Tokyo IFO380 was down $2.50 to $678.00 pmt, up $4.00 since last Thursday, and $35.00 higher than December 17, 2012. MDO moved down for a second consecutive day falling $2.50 to $964.50 pmt, $1.50 higher than the previous Thursday.
