Asia/Pacific News
Bunker Prices in Asia Climb Further on Friday
Asian ended a week of climbing bunker prices with further gains on Friday, with Ship & Bunker data showing both IFO and distillates making gains in most of East, and South East Asia.
Singapore IFO380 climbed for a third consecutive day up $7.50 to $660.50 per metric tonne (pmt), making a week-on-week gain of $15.50, and $29.50 higher than January 8, 2013. Low sulfur 380 cSt product (LS380) was up $6.50 to $754.50 making the premium for the Emissions Control Area (ECA) compliant fuel $94.00 pmt. MGO climbed $11.50 to $994.00 pmt, $30.50 higher than last Friday.
Busan IFO380 moved up for a second consecutive day rising $1.50 to $681.50 pmt, an increase of $7.50 week-on-week, and up $21.00 month-on-month. LS380 climbed $0.50 to $817.50 making the premium for the low sulfur product $136.00 pmt. MGO in Busan moved up $3.50 to $1021.50 pmt, $29.50 higher than last Friday.
Hong Kong IFO380 was up for a second consecutive day climbing $3.00 to $669.00 pmt, $11.00 higher than this time last week, and an increase of $25.50 since January 8, 2013. MGO rose $10.00 to $1013.00 pmt, ending the week $29.50 higher than last Friday.
Tokyo IFO380 climbed for an eighth consecutive market day gaining $4.00 to $705.00 pmt, rising $13.50 week-on-week, and $22.00 higher than this time last month. MDO in the port climbed $5.50 to $1012.50 pmt, up $28.00 since last Friday.
