Bunker prices in the Far Eastern ports continue upward trend, amid products shortage
Average indicative prices of bunker fuel were higher at the Port of Vladivostok week-on-week, PortNews Bunker review shows. High sulfur product IFO180 gained $2.0 to settle at $257.0, IFO380 HS rose to $273.0 (+ $1), MGO – at $512.0 per metric ton.
There was bunker shortage in the region. The railway traffic disrupted by Typhoon NORU, has been restored. Market participants expect fuel supply and improvement of the market situation.
IFO180 HS price was ranging $250.0 to $265.0 pmt. The price of IFO180 HS continues an upward trend due to the product shortage in the region. The maximum price hit $280.0 pmt.
Bunker fuel indications at the Port of Singapore grew by an average of $2.0 pmt.