Bunker market of Far East ports end the week lower (graph)

Average price of bunker fuel at the port of Vladivostok continued its decline at the end of the 51st week, the IAA PortNews price bulletin showed.

High sulfur product IFO180 HS lost $ 4.0 to $ 479.0 per metric ton. MGO prices remained unchanged week-on-week, at $ 790.0 pmt.

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.

Singapore indicative average prices also ended the week on low note. IFO180 HS lost $ 2.0 pmt, MGO price dropped by $ 3.0 pmt.