Bunker prices in Asia continue to climb
Bunker prices in Asia continued to move up on Wednesday, Ship & Bunker data showed, with IFO380 in Singapore and Busan climbing for a sixth consecutive market day.
Singapore IFO380 was up $1.50 to $632.50 per metric tonne (pmt), making a week-on-week gain of $19.00, and up $35.00 from December 10, 2012. Low sulfur 380 cSt product (LS380) was unchanged at $699.00 making the premium for the Emissions Control Area (ECA) compliant fuel $66.50 pmt. MGO was up $5.50 to $946.00 pmt, $12.50 higher than last Wednesday.
Busan IFO380 was up $2.00 to $662.50 pmt, rising $17.00 since this time last week, and gaining $17.50 month-on-month. LS380 rose $0.50 to $797.00 making the premium for the low sulfur product $134.50 pmt. MGO was up $4.50 to $974.50 pmt, moving up $9.50 from last Wednesday.
Hong Kong IFO380 was up $2.00 to $645.50 pmt, $21.50 higher than this time last week, and up $31.50 from December 10, 2012. MGO was up $4.50 to $967.00 pmt, $10.00 higher than last Wednesday, and up $13.50 month-on-month.
Tokyo IFO380 was up $12.00 to $673.50 pmt, climbing $24.00 from this time last week, and up $27.00 from December 10, 2012. MDO was up $3.00 to $961.50 pmt, $3.00 higher than last Wednesday, and making a $12.50 increase month-on-month.