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2014 September 2   17:20

Bunker prices at Far East ports down in early 36th week (graph)

According to IAA PortNews bunker prices review, average price for IFO-180 НS at port Vladivostok was $487 per tonne (-$8), MGO price was $823 per tonne (-$7).

Heavy fuel oil prices go down.

Bunkering operations at port Vladivostok resumed as soon as heavy fuel oil deficit was over. 

Market participants do not expect this stabilization to last long as the market has not been filled with fuel enough.

From the next week prices are forecasted to grow due to dollar rate increase and lack of heavy fuel oil.

The port of Singapore sees a $2-3 decline of heavy fuel oil and MGO prices.

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