Asia/Pacific News
Asian Bunker Markets Soft
Bunker markets in Asia were soft today, Ship & Bunker data showed, as most ports in the region typically saw both IFO and distillate fall $1.00 to $2.00 today.
Singapore IFO380 was down just $0.50 however, to $604.50 per metric tonne (pmt). Low sulfur 380 cSt product (LS380) at the port dropped $2.00 to $684.00 making the premium for the Emissions Control Area (ECA) compliant fuel $79.50 pmt, and MGO fell $1.00 to $930.50 pmt.
Shanghai IFO380 was down $1.00 to $630.50 pmt for a change of just $2.00 over the last week and a spread of $4.50 in that time. MGO dropped $1.00 to $1063.50 pmt.
Hong Kong IFO380 was down $1.00 to $621.50 pmt, ending five previous market days of very slowly rising prices for a gain of $4.00 week-on-week. MGO was down $2.00 to $955.00 pmt, up $7.50 on the week.
Tokyo IFO380 continued to show very little direction today, down $1.00 to $648.50 pmt for a gain of just $2.000 week-on-week and a spread of $6.50 in that time. MDO was down $1.00 to $959.50 pmt.
