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.
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