Daily Bunker Price Report, Wednesday Apr 17, 2013

by Ship & Bunker News Team
Wednesday April 17, 2013

Bunker prices continued to slide in markets around the world today, with Ship & Bunker data showing ports continue to hit new lows for the year and, in many cases, within the last nine months.

Singapore IFO380 was down for the fifth consecutive market say, falling $3.00 to $598.50 per metric tonne (pmt) to slip below $600.00 pmt for the first time since December 14, 2012. Low sulfur 380 cSt product (LS380) was unchanged today, staying steady at $645.50 to widen the premium for the Emissions Control Area (ECA) compliant fuel to $47.00 pmt. MGO dropped $12.00 to a nine-month low of $853.50 pmt, edging closer to the 12-month low of $800.00 pmt set on June 22, 2012.

After falling $16.00 over the first two days of the week, Rotterdam IFO380 slipped a modest $0.50 to $574.50 pmt today, while its low sulfur counterpart, LS380, moved up $2.50 to $587.50 to raise its premium to $13.00 pmt. MGO fell $9.50 to $823.50 pmt, and is now just $11.00 away from the 12 month low of $812.50 pmt set on June 15, 2012.

Fujairah IFO380 recorded one of the few gains in the EMEA region today, gaining $1.00 to $609.50 pmt. MGO was down $1.50 to $1006.50 pmt to keep prices fairly steady in comparison to the big fall in price for the product seen in Rotterdam and Singapore.

Houston IFO380 was down $6.50 to its new nine-month low of $580.00 pmt, while LS380 fell $4.50 to $646.50. MGO fell $10.00 to $946.50 pmt, $12.00 more than the nine-month low of $934.50 on July 17, 2012.

Ship & Bunker News Team
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