Singapore bunker prices make first dip of the year
Bunker prices in the Asia / Pacific region ended the week with further gains in most ports, Ship & Bunker price data showed, but key price indicator port Singapore saw a dip in IFO prices for the first time this year.
Singapore IFO380 moved down for the first time since December 31, 2012 falling $1.00 to $637.00 per metric tonne (pmt), up $14.00 week-on-week, and up $38.50 from December 11, 2012. Low sulfur 380 cSt product (LS380) dropped $5.50 to $717.50 making the premium for the Emissions Control Area (ECA) compliant fuel $80.50 pmt. MGO was up for a fourth consecutive day rising $1.50 to $951.50 pmt, gaining $12.00 since last Friday.
Busan IFO380 moved up for an eighth consecutive market day rising $1.00 to $668.50 pmt, making a $12.50 gain week-on-week, and up $25.00 since this time last month. LS380 climbed $2.50 to $835.50 making the premium for the low sulfur product $167.00 pmt. MGO moved up for a third consecutive day climbing $3.00 to $982.00 pmt, making a $11.00 gain week-on-week.
Hong Kong IFO380 was up for a third consecutive day gaining $3.00 to $652.50 pmt, rising $14.50 since last Friday, and up $38.50 from December 11, 2012. MGO rose $2.00 to $973.50 pmt, climbing $10.50 week-on-week.
Tokyo IFO380 moved up for a third consecutive day rising $10.50 to $684.50 pmt, making a gain of $27.00 since last Friday, and up $37.50 month-on-month. MDO moved up $6.50 to $969.50 pmt, $9.50 higher week-on-week.
