Many ports in Asia saw small downward movements on Wednesday, with the exception of Hong Kong where prices moved up for a second consecutive day this week, Ship & Bunker reports.
Singapore IFO380 was down $1.50 to $603.00 per metric tonne (pmt) making a three month loss of $55.00, and MGO slipped $3.50 to $925.00 for a three month loss of $43.00 pmt.
Hong Kong IFO380 moved up for a second consecutive day gaining $4.00 to $615.50 pmt for a week-on-week loss of $6.00, while MGO slipped $0.50 to $948.50 pmt up on last Wednesday's price by $3.00.
Tokyo IFO380 fell $8.00 to $659.50 pmt down over the past month by $40.00, and MGO slipped $6.00 to $940.00 making a week-on-week loss of $14.00 pmt.
Shanghai 380 cSt product dropped $1.00 to $627.50 pmt down $5.50 week-on-week, while in Busan IFO380 slipped $1.50 to $661.50 rising $2.00 from last Wednesday's price.
2012 November 15 09:23