Asia/Pacific News
More Gains for Bunkers Prices in Singapore
Bunker prices in Singapore and Hong Kong made further gains on Wednesday, while elsewhere many ports saw prices fall.
Singapore IFO380 climbed for a third consecutive day rising $3.00 to $604.50 per metric tonne (pmt), up $6.50 from last week, and falling $9.00 from the previous month. Low sulfur 380 cSt product (LS380) moved up $4.00 to $687.50 making the premium for the Emissions Control Area (ECA) compliant fuel $83.00 pmt. MGO moved up $5.50 to $927.00 pmt, making a $4.00 week-on-week gain.
Busan IFO380 fell for a fifth consecutive market day dropping $3.00 to $632.50 pmt, down $11.00 from last Wednesday, and falling $31.50 from the previous month. LS380 was up $3.00 to $785.00 making the premium for the Emissions Control Area (ECA) compliant fuel $152.50 pmt. MGO at the port slipped $0.50 to $956.50 pmt, up $1.50 from last week.
Hong Kong IFO380 climbed for a third consecutive market day gaining $0.50 to $620.50 pmt, up $6.00 week-on-week, and $2.00 lower than last month. MGO rose $2.50 to $951.00 pmt, gaining $2.50 in the last week, and $1.50 higher than the price on November 19, 2012.
Tokyo IFO380 dropped $3.50 to $645.00 pmt, down $2.50 from last week, and $20.50 lower than the previous month. MDO in Tokyo was down $3.50 to $950.00 pmt, gaining $7.00 week-on-week, and up $7.50 month-on-month.
