Asia/Pacific News
Bunker Prices in Asia End the Week on a Firm Note
Bunker prices in Asia ended the week on a firm note, Ship & Bunker data showed, with IFO380 in Singapore, Busan, and Hong Kong seeing a second consecutive day of gains.
Singapore IFO380 climbed $3.00 to $631.00 per metric tonne (pmt), $0.50 higher than last Friday, and up $26.50 month-on-month. Low sulfur 380 cSt product (LS380) remained at $712.50 making the premium for the Emissions Control Area (ECA) compliant fuel $81.50 pmt. MGO was up $2.50 to $946.00 pmt, an increase of $5.00 week-on-week.
Busan IFO380 rose $4.00 to $665.50 pmt, up $8.50 since last Friday, and $32.00 higher than December 25, 2012. LS380 was up $1.50 to $805.50 making the premium for the low sulfur fuel $140.00 pmt. MGO made gains for a sixth consecutive market day rising $1.00 to $980.50 pmt, an increase of $5.50 week-on-week.
Hong Kong IFO380 climbed $3.00 to $647.00 pmt, ending the week $3.50 higher than last Friday, and $25.50 higher than this time last month. MGO was up $1.00 to $969.00 pmt, up $5.00 week-on-week, and $14.00 higher month-on-month.
Tokyo IFO380 moved up $7.50 to $683.00 pmt, making a $2.50 gain week-on-week, and $34.50 higher than December 25, 2012. MDO moved down $1.00 to $972.50 pmt, up $7.50 since last Friday, and $13.00 higher than this time last month.
