The week closed with quiet bunker markets in Asia, many ports continuing to see small mixed changes. Singapore, Hong Kong, and Tokyo showed week-on-week gains of between $0.50 and $5.00 pmt for IFO380, while Port Klang and Busan were down for the same period, Ship & Bunker reports.
Singapore IFO380 moved down $0.50 to $610.50 per metric tonne (pmt) for a week-on-week change of $0.50 and a monthly change of $-27.00 pmt. Low sulfur 380 cSt product (LS380) was steady at $694.00 making the premium for the low sulfur product $83.50 pmt. MGO made gains for a fifth consecutive day climbing $2.50 to $940.00 pmt adding $13.00 to last Friday's price.
Hong Kong IFO380 moved up for the first time since November 20, 2012 gaining $1.50 to $622.50 pmt, and finishing the week $1.00 higher than last Friday. MGO at the port climbed $1.50 to $960.50 pmt, adding $9.50 to last Friday's price and $17.50 below October 23, 2012.
Tokyo IFO380 rose $1.50 to $671.00 pmt for a $5.00 week-on-week gain and falling $25.00 over the past month. MDO climbed for a fourth consecutive day up $2.50 to $960.50 pmt adding $15.50 to last week's price.
Port Klang 380 cSt product was down for a second consecutive day dropping $1.50 to $614.50 pmt, down $5.50 week-on-week, and falling $65.00 since August 23, 2012. MGO in Port Klang was up $6.00 to $963.50 pmt gaining $31.00 over the previous two weeks.
Busan IFO380 ended the week steady at $655.50 pmt, down $9.00 from last week and dropping $9.50 over the past month. LS380 climbed for a third consecutive day up $2.00 to $808.00 pmt, and MGO gained $4.50 to $963.00 for a weekly change of $2.00 pmt.
2012 November 26 09:48