According to the weekly monitoring of bunker fuel indicative price held by PortNews IAA, the Far East region saw a decline of prices at the beginning of the 25th week.
In Vladivostok, average price for IFO-180 НS was $511 per tonne (-$4), MGO price was $821 per tonne (-$1).
MGO prices remained high in early week due to a deficit in the region. The market players expect the improvement of the situation by the week end.
The port of Singapore saw an increase of prices for heavy fuel oil and diesel fuel (+$8 and +$3 respectively).