Bunker prices make gains in Asia
Bunker prices in Asia showed some small gains on Tuesday according to Ship & Bunker data, but key price indicator port Singapore was mostly flat.
Singapore IFO380 moved up for a second consecutive day rising $0.50 to $601.50 per metric tonne (pmt), up $3.00 week-on-week, and down $12.00 from last month. Low sulfur 380 cSt product (LS380) was steady at $683.50 making the premium for the Emissions Control Area (ECA) compliant fuel $82.00 pmt. MGO slipped $1.00 to $921.50 pmt, $0.50 lower than last week.
Port Klang IFO380 moved up $1.00 to $605.00 pmt, making a week-on-week gain of $1.00, and falling $9.00 from last month. MGO was unchanged at $954.00 pmt, up $4.50 from last week, and $0.50 lower than the previous month.
Hong Kong IFO380 moved up for a second consecutive day rising $2.50 to $620.00 pmt, up $6.00 week-on-week, and down $2.50 from the previous month. MGO moved up $1.00 to $948.50 pmt, the same price as last week, and $1.00 lower than last month.
Tokyo IFO380 rose $5.50 to $648.50 pmt, climbing $1.50 from last week's price, and losing $17.00 from the price on November 19, 2012. MDO was up $4.00 to $953.50 pmt, rising $9.50 from last Tuesday, and up $11.00 from the previous month.