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 $180 pmt (-$29), MGO price was $438 pmt (-$17).
Maximum fall of fuel oil prices exceeded 40%. Diesel fuel prices fell by 20$ on the average. Market players note considerable market fall caused by global situation, escalation of price competition and decrease in demand for bunker fuel.
Fuel oil prices on the domestic market were ranging RUB 14,300 to 17,000 pmt, price range per a tonne of MGO was between RUB 32,000 and RUB 34,200 pmt.
The port of Singapore saw a fall of bunker prices. Fuel oil price fell by $38 to $212 pmt, MGO – by $34 to $402 pmt.
Average indicative price for MGO at the port of Singapore is still lower than that in the port of Vladivostok.
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