Bunker fuel prices in Far East ports close the week lower as bearish trend continues (graph)

Average price for IFO-180 HS product at the Russian port of Vladivostok at the end of the 45th week plummeted by $32.0 to settle at $ 377.0 per metric tonne, while the MGO product lost $37.0 to $ 677.0 pmt, the PortNews Bunker Prices Review shows.  

The downward trend on the regional bunker market is likely to continue next week.
 
The port of Singapore also saw a decline in bunker prices: fuel oil fell $ 18.0 pmt, MGO lost $ 16.0 pmt.
 
Subscription to the IAA PortNews Bunker Review is available here >>>>