According to Bunker Price Bulletin of IAA PortNews, the average indicative price at the port of Vladivostok for high-sulfur product IFO-180 HS was $253 pmt, MGO price was $ 522 pmt.
Fuel oil prices on the domestic market were ranging RUB 17,500 to 18,500 pmt, price range per a tonne of MGO was between RUB 33,000 and RUB 33,500.
The port of Singapore saw a slight increase of bunker prices. Fuel oil price climbed to $286 pmt, MGO – to $459 pmt (+$3).
Average indicative price for MGO at the port of Singapore is still lower than that in the port of Vladivostok by $ 60 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 expect a further reduction in prices.
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