Asia/Pacific News
Little Change for IFO in Asia
Bunker prices in Asia saw little change today, with Ship & Bunker data showing Singapore IFO steady and other key price indicator ports with small gains.
Singapore IFO380 remained at $605.00 per metric tonne (pmt), up $6.50 from last week, and $5.00 lower than the previous month. Low sulfur 380 cSt product (LS380) was unchanged at $686.00 making the premium for the Emissions Control Area (ECA) compliant fuel $81.00 pmt. MGO moved up $1.00 to $931.50 pmt, ending the week $12.50 higher than last Friday.
Busan IFO380 climbed $1.00 to $633.50 pmt, $7.00 lower than last week, and $21.00 down from the previous month. LS380 fell $5.50 to $779.50 making the premium for the low sulfur fuel $146.00 pmt. MGO was up $6.50 to $963.00 pmt, making a $7.00 week-on-week gain.
Hong Kong IFO380 moved up for a fifth consecutive market day rising $1.00 to $622.50 pmt, $8.00 higher than last Friday, and up $0.50 from November 21, 2012. MGO in the port climbed $3.00 to $957.00 pmt, making a $7.50 week-on-week gain, and down $3.00 from the previous month.
Tokyo IFO380 moved up for a second consecutive day gaining $1.00 to $649.50 pmt, climbing $6.00 from last week, and down $22.00 over the past month. MDO in Tokyo climbed $4.00 to $960.50 pmt, making a week-on-week gain of $8.50, and up $4.00 from November 21, 2012.
