Bunker prices soften in Asia
Bunker markets in Asia softened today, Ship & Bunker price indications showed, with Colombo, Busan, and Hong Kong the only ports in the region not seeing IFO380 bunker prices make small negative movements.
Singapore IFO380 moved down $1.00 to $603.50 per metric tonne (pmt), falling $4.50 week-on-week, and up $6.50 over the past month. Low sulfur 380 cSt product (LS380) saw no change and remained at $689.00, up $5.50 on last Wednesday, and making the premium for the low sulfur grade $85.50 pmt. MGO fell for a second consecutive day dropping $2.00 to $943.50 pmt, down $1.50 from last week, and up $23.50 month-on-month.
Busan IFO380 moved up for a third consecutive day gaining $1.50 to $646.50 pmt, falling $0.50 since last Wednesday, and down $8.00 compared to the price two weeks ago. LS380 moved down $1.00 to $797.00 making the premium for the Emissions Control Area (ECA) compliant fuel $150.00 pmt. MGO dropped $1.50 to $971.50 pmt, rising $4.00 on last week's price, and up $11.50 over the past month.
Hong Kong IFO380 was steady at $618.00 pmt, dropping $9.00 from last Wednesday, and losing $2.50 from the price a month ago. MGO fell $1.00 to $966.50 pmt, adding $3.00 to last week's price, and up $12.00 from November 5, 2012.
Tokyo IFO380 was down $6.00 to $652.00 pmt, losing $16.50 from last Wednesday's price, and down $19.50 over the past month. MDO was down $4.00 to $957.00 pmt, down $1.00 week-on-week, and adding $8.00 to last month's price.