Bunker prices make further small gains in Asia

With the exception of Russian ports, Bunker prices in East Asia climbed today, while South East Asia prices were mixed, Ship & Bunker reports.

Singapore IFO380 was steady at $610.00 per metric tonne (pmt) making a week-on-week gain of $19.00 but down $38.00 over the past month, while MGO moved down $2.00 to $927.00 pmt, up $9.00 on last Friday's price and down $51.00 in the last month.

Hong Kong IFO380 continued to climb for a fourth consecutive day rising $2.50 to $621.50 pmt, up $12.50 week-on-week and down $61.50 over three months. MGO gained $3.50 to $951.00 adding $5.50 to last Friday's price.

Tokyo IFO380 moved up for a second consecutive day climbing $4.00 to $666.00 pmt, up just $0.50 week-on-week and down $8.50 over the previous two weeks, while MDO also moved up a second consecutive day adding $2.50 to bring the price to $945.00 pmt.

Shanghai 380 cSt product gained $4.50 to $632.00 pmt adding $12.50 to last week's price and down $48.50 in a month, and MGO climbed $9.50 to $1070.50 for a week-on-week increase of $14.00 pmt.

Busan IFO380 was up $0.50 to $664.50 pmt gaining $14.50 week-on-week and down $15.50 in the past month, while MGO rose $2.50 to $961.00 an increase of $5.00 on last Friday's price.