Singapore bunkers fall back below $600 pmt
Bunker prices in Asia were falling on Thursday with many ports seeing a second consecutive day of losses, and moderate losses across the board, Ship & Bunker reports.
Singapore IFO380 moved down $9.00 to $599.00 per metric tonne (pmt), falling below $600.00 for the first time since November 9, 2012, and, given recent small movements for prices, making a relatively big move of $-15.00 over the last two days. Low sulfur 380 cSt product (LS380) was up $2.50 to $686.00 pmt, widening the premium for the low sulfur fuel by $11.50 pmt to $87.00 pmt. MGO fell $6.00 to $936.00 pmt, up $1.50 week-on-week, and $53.00 lower than three months ago.
Hong Kong IFO380 moved down $7.50 to $619.50 pmt, falling $1.50 week-on-week, and losing $24.50 from the previous month. MGO was down $8.50 to $959.00 pmt, the same price as last Thursday, and down $9.00 since October 29, 2012.
Tokyo IFO380 dropped $3.50 to $665.00 pmt, making a week-on-week loss of $4.50, and falling $25.00 since last month. MDO in the port moved down $4.50 to $953.50 pmt, slipping $4.50 from last week, and down $8.00 compared to October 29, 2012.
Busan 380 cSt product fell for a fourth consecutive day dropping $4.50 to $642.50 pmt, down $13.00 week-on-week, and losing $44.00 compared to August 29, 2012. LS380 slipped $9.00 to $793.00 making the premium for the Emissions Control Area (ECA) compliant fuel $150.50 pmt. MGO dropped $7.00 to $960.50 pmt $13.00 lower than last Thursday.
Port Klang IFO380 was down $6.50 to $609.50 pmt, losing $6.50 from last Thursday's price, and $21.50 lower than October 29, 2012. MGO in Port Klang slipped $3.50 to $957.50 pmt, the same price as last Thursday, and $12.00 lower than the price a month ago.