Far Eastern ports bunker prices slump on oversupply (graph)

The average price of bunker fuel at the port of Vladivostok plummeted at the beginning of the 51st week, the IAA PortNews price bulletin showed.

High sulfur product IFO180 HS was $ 484.0 per metric ton (-$ 9.0). MGO was $ 790.0 pmt (-$ 13.0).

The decline was due to bunker fuels oversupply from regional operators that seek to sell out the stock until the end of the reporting year.

Indicative average prices for bunker fuel at the port of Singapore also fell by $ 1.0 pmt (IFO180 HS) and by $14.0 pmt (MGO).