2016 June 23 12:06

Shortage of IFO180 product keeps prices high at Far East ports

The shortage of IFO 180 bunker fuel at the ports of the Far East pushes its price higher. At the Port of Vladivostok average indicative price for high sulfur product IFO180 rose to $ 223.0 per metric ton (pmt), a tonne of MGO was sold for $ 395.0, the IAA PortNews bunker review shows.

The price of IFO180 HS was ranging $ 210.0 to $ 230.0 pmt and MGO – $ 390.0 to $ 415.0 pmt.

The product price in the domestic market varies between RUB 15,500 and RUB 18,000 pmt, the price of MGO - 29,000 to 30,000 rubles pmt.