Asia opened the week with steady-to-soft bunker prices with Singapore IFO380 remaining below $600 pmt, unchanged from last Friday. IFO380 in the Taiwanese ports of Suao and Hualien fell $5.00 to their lowest level in over 3 months, Ship & Bunker reports.
Singapore IFO380 was steady at $597.50 per metric tonne (pmt), down on last Monday by $7.00, and falling $3.00 from the price a month ago. Low sulfur 380 cSt product (LS380) rose $8.50 to $677.50 making the premium for the Emissions Control Area (ECA) compliant fuel $80.00 pmt. MGO moved down for a fifth consecutive market day falling $6.00 to $928.00 pmt, making a week-on-week change of $-20.50, and up $1.00 from November 12, 2012.
Busan IFO380 fell for a second consecutive market day slipping $1.50 to $645.00 pmt, up $4.00 on last Monday's price, and down $9.00 month-on-month. LS380 was down $6.00 to $797.00 making the premium for the low sulfur fuel $152.00 pmt. MGO was down for a fourth consecutive market day falling $0.50 to $964.50 pmt, a change of $-3.50 since last Monday, and up $14.00 from last month.
Hong Kong IFO380 dropped for a third consecutive market day falling $1.00 to $614.00 pmt, down $3.50 from last week, and slipping $11.00 compared to the price two weeks ago. MGO fell for a fifth consecutive market day down $6.00 to $953.50 pmt, a week-on-week change of $-3.50, and a monthly change of $7.00.
Tokyo IFO380 dropped $3.00 to $646.50 pmt, falling $9.00 from last Monday, and moving down $16.00 compared to last month. MDO was down $3.00 to $949.00 pmt, a week-on-week change of $-9.00, and a $37.00 change over the last three months.
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