Bunker prices rise in Singapore
Asia Bunker prices saw some gains on Monday with Singapore and Busan adding between $4.50 and $2.00 to IFO380, however Hong Kong, Tokyo, and Taiwanese ports all saw IFO prices fall, Ship & Bunker reports.
Singapore IFO380 moved up for a second consecutive market day rising $4.50 to $604.50 per metric tonne (pmt), making a week-on-week loss of $7.50, and down $9.00 over the past two weeks. Low sulfur 380 cSt product (LS380) was steady at $687.50, down $107.50 since September 3, 2012, putting today's premium for the low sulfur fuel at $83.00 pmt. MGO climbed $8.50 to $948.50 pmt up $4.00 from last Monday.
Busan IFO380 gained for the first time since November 22, 2012 rising $2.00 to $641.00 pmt, falling $12.00 from last week, and slipping $6.00 from November 5, 2012. LS380 climbed $1.00 to $785.00 making the premium for the Emissions Control Area (ECA) compliant fuel $144.00 pmt. MGO climbed $7.50 to $968.00 pmt, rising $4.50 on last Monday's price, and up $8.00 on last month.
Hong Kong IFO380 fell for a fourth consecutive market day slipping $1.50 to $617.50 pmt, down $7.50 week-on-week, and $72.50 below the price three months ago. MGO was up $11.50 to $971.00 pmt, rising $7.00 from last Monday's price, and $20.50 above the price last month.
Tokyo IFO380 was down for a fourth consecutive market day dropping $1.00 to $655.50 pmt, making a $12.50 loss week-on-week, and slipping $18.00 over the past month. MDO rose $6.50 to $958.00 pmt, falling $5.00 from last Monday, but up $9.00 on the previous month.
