Bunker prices are flat at the Far East ports of Russia (graph)
The difference with the port of Singapore is $31 on the average
According to IAA PortNews, the average indicative prices at the port of Vladivostok as of 4 February 2021 are as follows:
- IFO-380 НS - $325 pmt (down $5 versus the previous period; $29 less than in Singapore)
- MGO- $475 pmt (down $5 versus the Tuesday price; $20 less than in Singapore)
- VLSFO 0.5% - $425 (flat versus the previous period; $45 less than in Singapore).
The market players say the prices are just indicative with limited volumes of non-compliant fuel oil available and low demand of it in the area.
The difference between maximum/minimum prices depends on the amount of fuel sold and its availability.
From 1 January 2020, the global upper limit on the sulphur content of ships' fuel oil is reduced to 0.50% in the areas beyond ECAs.
IAA PortNews’ analytical product “Price Bulletin” offers detailed indications of bunker fuels in the ports of Russia.
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