Bunker prices in Far Eastern ports end week on a bearish note

Marine fuel prices at the Port of Vladivostok close the week lower: IFO380 HS was an average of $415.0 pmt, down $3.0 week-on-week, IFO180 HS was $ 405.0 pmt (- $7.0) and MGO (DMB) was sold for $ 700.0 pmt, the PortNews bunker review showed.

The lowest price for fuel oil was at $380.0 pmt. The USD, EUR price for MGO (DMB) was ranging around $ 700.0, $ 730.0 pmt. In Singapore the product price was down to $ 511.0 pmt.

The bunker market players noted the region has sufficient fuel stocks, however the products price can not compete with lower marine fuel prices in the Port of Singapore. Bunker prices will likely change after season’s holidays.