Bunker market at Russian port of Novorossiysk sees mixed price movements
Bunker market of port Novorossiysk sees mixed price movements amid the decrease of global oil prices and low demand for fuel.
According to the IAA PortNews Bunker Prices Review,
Average price for IFO-380 НS was $254 per tonne (+$9), average price for MGO was $483 per tonne (-$7).
Maximum MGO price at the port of Novorossiysk is $495 pmt, minimum - $470 pmt. Minimum price of heavy fuel oil - $250 pmt, maximum - $270 pmt.
Market players note few requests for bunkering and the amounts requested are low in early week. Therefore, the prices can be considerably higher than the average indications.
At port Kavkaz, fuel oil prices are ranging between $230 and $260 pmt depending on the volumes sold.
Average indicative prices at the port of Istanbul are flat after the last week drop.
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