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2014 February 19   11:48

Bunker prices in Far East ports up in early 8th week (graph)

According to price report of IAA PortNews, average price at port Vladivostok for IFO-180 НS was $520 per tonne (+$40), MGO price was $764 per tonne (+$4).

The price situation in the bunker market has been aggravated by the fuel oil deficit in the region. Besides, internal prices go up due to dollar rate increase (+RUB 1,000 per tonne).

Market participants cannot forecast when the situation is to stabilize.

The port of Singapore also saw an increase of prices for all types of fuel by $2-3 on the average.

Subscribe for fuel price report of IAA PortNews snitko@portnews.ru

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