According to the weekly monitoring of bunker fuel indicative price held by PortNews IAA, the Far East region saw the decline of prices at the beginning of the 7th week.
In Vladivostok, average price for IFO-180 НS was $525 per ton (-$7), MGO price was $813 per ton (-$2).
The fuel prices continue to fall in compliance with the market players’ expectations.
The port of Singapore saw an increase of prices for heavy fuel oil and diesel fuel ($6 and $1 respectively).