Asia/Pacific News
Mixed Bunker Price Movements Continue in Asia
Markets in Asia saw small mixed movements for bunker prices on Monday, in a continuation of last weeks relatively flat prices for the region.
Singapore IFO380 rose $2.50 to $601.00 per metric tonne (pmt), making a week-on-week gain of $3.50, and down $12.50 from the previous month. It was the first time the grade has been over $600.00 pmt since December 6, 2012. Low sulfur 380 cSt product (LS380) remained at $683.50 making the premium for the Emissions Control Area (ECA) compliant fuel $82.50 pmt. MGO moved up $3.50 to $922.50 pmt, down $5.50 from last Monday.
Busan IFO380 moved down for a third consecutive market day falling $0.50 to $640.00 pmt, slipping $5.00 week-on-week, and down $24.00 from last month. LS380 moved up $2.00 to $793.00 making the premium for the low sulfur fuel $153.00 pmt. MGO in Busan rose $1.50 to $957.50 pmt, slipping $7.00 from last Monday.
Hong Kong IFO380 rose $3.00 to $617.50 pmt, $3.50 higher than last week, and down $5.00 compared to the price last month. MGO in the port fell $2.00 to $947.50 pmt, slipping $6.00 week-on-week, and down $2.00 from November 19, 2012.
Tokyo IFO380 moved down for a second consecutive market day falling $0.50 to $643.00 pmt, $3.50 lower than last week, and down $22.50 from the previous month. MDO moved down $2.50 to $949.50 pmt, up $0.50 week-on-week, and $7.00 higher than November 19, 2012.
