Bunker prices down in Asia
Bunker prices in many Asian ports dipped mid-week, Ship & Bunker data showed, but Taiwanese ports saw distillates move up $4.00 per metric tonne (pmt) as IFO remained steady.
Singapore IFO380 moved down $5.00 to $627.00 pmt, falling $5.50 week-on-week but up $26.00 month-on-month. Low sulfur 380 cSt product (LS380) moved down $3.00 to $710.00 making the premium for the Emissions Control Area (ECA) compliant fuel $83.00 pmt. MGO was down $3.50 to $942.00 pmt, falling $4.00 since last Wednesday.
Shanghai IFO380 fell $0.50 to $656.50 per metric tonne (pmt) and MGO in the port was down $2.00 to $1064.50 pmt, falling for a forth consecutive market day and a total of $11.00 in that time.
Busan IFO380 fell $4.50 to $657.00 pmt, slipping $5.50 week-on-week, and down $23.00 month-on-month. LS380 rose $0.50 to $831.00 making the premium for the low sulfur fuel $174.00 pmt. MGO was steady at $976.50 pmt, $2.00 higher than this time last week.
Hong Kong IFO380 moved down $4.00 to $643.00 pmt, dropping $2.50 from last Wednesday, and up $25.50 since December 17, 2012. MGO climbed $2.50 to $966.00 pmt, $1.00 lower week-on-week, and up $18.50 month-on-month.
Tokyo IFO380 was down $2.50 to $680.50 pmt, up $7.00 since this time last week, and $37.50 higher since December 17, 2012. MDO was down $1.00 to $967.00 pmt, up $5.50 week-on-week, and an increase of $17.50 month-on-month.