Asia/Pacific News
Asian Bunker Prices Lack Direction
Ship & Bunker data showed markets in Asia lacked direction today, with bunker prices in many ports making small movements.
Singapore IFO380 slipped $2.00 to $629.00 per metric tonne (pmt), a change of $-1.50 over the last two weeks with a spread of just $6.50. Low sulfur 380 cSt product (LS380) was steady at $712.50 making the premium for the Emissions Control Area (ECA) compliant fuel $83.50 pmt. MGO was down $3.50 to $942.50 pmt, an increase of $0.50 from last Monday.
Busan IFO380 moved down $2.00 to $663.50 pmt, down $1.00 week-on-week, and $22.50 higher month-on-month. LS380 climbed $0.50 to $806.00 making the premium for the low sulfur fuel $142.50 pmt. MGO in Busan fell for the first time since January 17, 2013 down $0.50 to $980.00 pmt, $3.50 higher than last Monday.
Hong Kong IFO380 was down $1.00 to $646.00 pmt, down $1.00 week-on-week, and $20.50 higher than December 28, 2012. MGO moved up for a third consecutive market day climbing $1.00 to $970.00 pmt, $7.00 higher than last Monday, and up $9.50 since December 28, 2012.
Tokyo IFO380 rose for a second consecutive market day rising $2.00 to $685.00 pmt, an increase of $3.50 week-on-week, and $30.00 higher month-on-month. MDO in the port moved down $0.50 to $972.00 pmt, $5.50 lower than last Monday, and a $7.50 increase from December 28, 2012.
