Bunker price in Far East ports down in early 7th week

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 7^th 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).