Bunker prices are going down at the Far East ports of Russia (graph)
According to Bunker Price Bulletin of IAA PortNews, the average indicative price at the port of Vladivostok for IFO-380 НS - $360 pmt (-$40), IFO-180 НS – 365 pmt (-$40), MGO (DMB) - $675 pmt (-$27).
Maximum heavy fuel oil price is $340 pmt. MGO (DMB) indications are about $680 pmt, MGO (DMА) – $715 pmt. MGO price at the port of Singapore is down to $549 pmt.
Market players say fuel oil prices are growing at the port of Singapore. This trend is expected to affect the price formation in the region soon.
Yet, the difference of light oil products’ prices with those at the port of Singapore exceeds $100 which has an impact on ship calls at the port of the Far East.
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