According to Bunker Price Bulletin of IAA port news, the average indicative price at the port of Vladivostok for high-sulfur product IFO-180 HS was $ 272 pmt, MGO price was $ 533 pmt.
Fuel oil prices on the domestic market were ranging RUB 18,000 to 19,000 pmt, price range per a tonne of MGO was between RUB 33,000 and 34,000.
The port of Singapore saw a slight decline in bunker prices. Fuel oil price fell to $314 pmt, MGO – to $479 pmt.
Average indicative price for MGO at the port of Singapore is still lower than that in the port of Vladivostok by $ 50 on average, making the price in Russia's Far Eastern port uncompetitive. Participants of the market attributed the difference to a spike in sale prices at local refineries, and to a small deficit in the dark fuels segment. The market participants expect a further substantial reduction in prices.
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