News

2019 August 13 11:19

Bunker prices in Far Eastern seaports remain flat as fuel prices nosedive in Singapore

Average indicative price at Russia’s Far Eastern seaport of Vladivostok for high sulfur product IFO380 HS remained unchanged on figures earlier this week, at $ 400.0 per metric ton. The price of IFO180 HS was $ 415.0 pmt and MGO was sold for $ 610.0 pmt, the IAA PortNews Bunker Review showed.

Currency prices for MGO (DMB) range between $ 600 and $ 615 pmt. The price of IFO 380 HS varies in the range of $ 395.0 to $ 420.0 pmt.

Marine fuel prices in the ports of the Far East have been firm so far despite a significant drop in the Port of Singapore.

Regional bunker fuel suppliers have noted that they will not be able to restrain prices and indicators are to be lowered to compete in the market.

Bunker price in the Port of Singapore since the beginning of the month has plummeted by more than $ 70.0 pmt.