Far East ports bunker prices open the week on a bearish note
Bunker fuel prices at the Port of Vladivostok opened the week lower: IFO380 HS was an average of $390.0 pmt, down $5.0 week-on-week, IFO180 HS was $ 401.0 pmt (- $ 9.0) and MGO was sold for $ 660.0 pmt, the PortNews bunker review showed.
The fuel oil price was ranging $ 385.0 to $ 402.0 pmt, depending on product viscosity and the stocks availability.
Bunker market players noted the region has sufficient fuel stocks, however the price will continue its downward trend on the back of higher USD rate.
USD prices for MGO (DMB) range between $ 650.0 and $ 680.0 pmt, while a metric ton of MGO at the Port of Singapore was sold for $ 660.0.