Higher bunker prices in Singapore, Hong Kong
Asia bunker prices generally saw small losses on Monday with the exception of Hong Kong where IFO380 moved up for a fifth consecutive market day. IFO380 prices made gains week-on-week with Port Klang adding $21.00 to the previous Monday price, Ship & Bunker reports.
Singapore IFO380 moved down $3.50 to $613.50 per metric tonne (pmt) making a week-on-week gain of $13.00 and up over two weeks by $16.50, and low sulfur 380 cSt product (LS380) was up for a third consecutive market day gaining $2.00 to $699.50 pmt. MGO in Singapore rose $4.00 to $931.00 pmt putting the price $4.00 higher than last Monday.
Hong Kong IFO380 made a fifth consecutive market day of gains moving up $1.00 to $622.50 pmt rising $15.50 week-on-week and $2.00 over the past two weeks, while MGO moved down $1.50 to $949.50 pmt moving up $1.50 on last Monday's price.
Tokyo IFO380 moved down for the first time since November 14, 2012 and fell $0.50 to $665.50 pmt gaining $3.00 week-on-week with a monthly loss of $36.00, and MDO slipped $2.50 to $942.50 up $2.50 on the previous Monday.
Port Klang 380 cSt product dropped $6.00 to $614.00 adding $21.00 to last Monday's price and to the same price as two weeks ago, while MGO lost $16.50 to move the price to $954.50 pmt correcting Friday's gains.
Busan IFO380 fell $0.50 to $664.00 pmt gaining $10.00 week-on-week and down $6.50 over the past month, and MGO slipped $5.50 to $955.50 adding $5.00 to last Monday's price falling $40.00 over the last month.