Bunker prices in Singapore and Hong Kong were up on Monday, as they also were at the start of last week, with markets in Asia generally firming today as many ports saw small gains for all products, Ship & Bunker reports.
Singapore IFO380 gained $1.50 to $612.00 per metric tonne (pmt), down $1.50 on last week's price, and falling $16.50 since October 26, 2012. Low sulfur 380 cSt product (LS380) slipped $8.00 to $686.00 pmt down $13.50 week-on-week and making the premium for the low sulfur product $74.00. MGO in Singapore moved up $4.50 to $944.50 pmt climbing $13.50 since last Monday and up $7.00 on last month's price.
Hong Kong IFO380 was up for a second consecutive market day rising $2.50 to $625.00 pmt moving up $2.50 week-on-week and down $67.00 over the past three months. MGO climbed $3.50 to $964.00 pmt adding $14.50 to last week's price.
Tokyo IFO380 dropped $3.00 to $668.00 pmt for a change of $+2.50 over the past week and $+5.50 in the past two weeks. MDO in the port was up for a fifth consecutive market day rising $2.50 to $963.00 pmt making a week-on-week gain of $20.50 and $2.00 below the price on October 26, 2012.
Port Klang 380 cSt product was down for a third consecutive market day falling $0.50 to $614.00 pmt which was also the same price as last Monday. MGO fell $7.00 to $956.50 pmt making a week-on-week gain of $2.00 and down $13.00 over the past month.
Busan IFO380 dropped $2.50 to $653.00 pmt slipping $11.00 from last Monday and $0.50 below last month's price. MGO in Busan was up for a second consecutive day rising $0.50 to $963.50 pmt climbing $8.00 from last Monday and down $1.00 from October 26, 2012.
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