• 2015 August 4 13:28

  Bunker prices in the Far East ports fall in early 32nd 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 $243 pmt (-$10), MGO price was $ 522 pmt (-$15).

  Fuel oil prices on the domestic market range RUB 16,500 to 18,000 pmt, price range per a tonne of MGO is between RUB 33,000 and RUB 33,500 pmt.

  The port of Singapore saw a fall of bunker prices. Fuel oil price fell to $281 pmt, MGO – to $449 pmt (-$11). 
  
  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.

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

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