Bunker market at Russian port of Novorossiysk sees mixed price movements (graph)
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 $250 per tonne (-$4), average price for MGO was $485 per tonne (+$2).
It should be noted that considerable difference of bunker prices is observed at the Baltic Sea ports.
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.
Maximum MGO price at the port of Novorossiysk is $500 pmt, minimum - $470 pmt. Minimum price of heavy fuel oil - $235 pmt, maximum - $270 pmt. MGO prices at the port of Tuapse are ranging between $480 and $515 pmt. At port Kavkaz, fuel oil prices are ranging between $220 and $260 pmt.
The difference of prices is determined by the amount of sold fuel.
Average indicative prices at the port of Istanbul fell by $6 on the average.
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