Bunker prices in Asia end the week with gains
The week came to a close with bunker prices in Asia making gains, as Ship & Bunker data showed IFO380 in Busan, Hong Kong, and Tokyo moving up for the first time this week.
Singapore IFO380 ended the week climbing for a second consecutive day up $2.50 to $630.50 per metric tonne (pmt), $6.50 lower than last Friday, and $29.00 higher than December 18, 2012. Low sulfur 380 cSt product (LS380) climbed $1.00 to $713.50 making the premium for the Emissions Control Area (ECA) compliant fuel $83.00 pmt. MGO climbed $3.00 to $941.00 pmt, down $10.50 week-on-week.
Busan IFO380 moved up $4.00 to $657.00 pmt, down $11.50 week-on-week, and rising $21.50 month-on-month. LS380 moved up $1.50 to $830.00 making the premium for the low sulfur fuel $173.00 pmt. MGO in Busan climbed $0.50 to $975.00 pmt, down $7.00 since last Friday.
Hong Kong IFO380 gained $2.00 to $643.50 pmt, $9.00 lower than this time last week, and $23.50 higher than the price on December 18, 2012. MGO in the port fell $2.50 to $964.00 pmt, slipping $9.50 week-on-week, and $15.50 higher than this time last month.
Tokyo IFO380 climbed $2.50 to $680.50 pmt, down $4.00 week-on-week, and $32.00 higher than December 18, 2012. MDO was up $0.50 to $965.00 pmt, a change of $-4.50 from last Friday, and $11.50 higher month-on-month.
