• 2015 July 23 15:13

  Bunker prices in the Far East ports are flat in late 30th week (graph)

  

  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.

  Subscribe for IAA PortNews bunker prices review snitko@portnews.ru Upon request it will be provided in English.

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