Asia's bunker prices saw another day of little change on Thursday, with prices flat in many ports throughout the region. But Singapore, Busan, and Tokyo all saw IFO380 move down between $1.00 and $2.00 pmt, while Hong Kong saw the grade edge up for a second consecutive day.
Singapore IFO380 fell $2.00 to $661.50 per metric tonne (pmt), $8.50 higher than this time last week, and up $31.00 month-on-month. Low sulfur 380 cSt product (LS380) was steady at $754.50 making the premium for the Emissions Control Area (ECA) compliant fuel $93.00 pmt. MGO was up $1.50 to $999.00 pmt, an increase of $16.50 week-on-week.
Busan IFO380 fell for the first time since February 6, 2013 down $1.00 to $685.00 pmt, up $5.00 since last Thursday, and a gain of $19.50 month-on-month. LS380 fell $2.50 to $823.50 making the premium for the ECA compliant fuel $138.50 pmt. MGO moved up $1.00 to $1026.50 pmt, $8.50 higher than this time last week.
Hong Kong IFO380 rose $1.50 to $672.50 pmt, up $6.50 week-on-week, and an increase of $23.50 since January 14, 2013. MGO was up $3.00 to $1018.00 pmt, up $15.00 since this time last week.
Tokyo IFO380 moved down for the first time since January 29, 2013 falling $1.00 to $707.00 pmt, $6.00 higher than last Thursday, and up $23.00 month-on-month. MDO climbed $11.00 to $1025.00 pmt, an increase of $18.00 week-on-week.
