Daily Bunker Price Report, Monday April 22, 2013

by Ship & Bunker News Team
Monday April 22, 2013

The week started with global bunker price movements mostly making gains in Asia and falling in the Americas, while movements in Europe and the wider EMEA region were mixed.

Singapore IFO380 moved up $1.50 to $602.50 per metric tonne (pmt), the second market day of gains and up $6.50 in that time. Low sulfur 380 cSt bunkers (LS380) slipped $1.00 to $646.00 making the premium for the Emissions Control Area (ECA) compliant fuel $43.50 pmt. MGO fell $4.00 to $850.00 pmt, meaning Friday's gain of $5.50 has been the only upward movement since April 10, 2013.

A number of European ports saw no change in prices today, including Rotterdam where benchmark grade IFO380 stayed at $575.00 pmt, while LS380 remained at $587.00 pmt. MGO moved down $5.00 to $819.50 pmt, meaning that since April 3, 2013 the product has only seen one day without a falling price, and is down $98.00 in that time.

After gaining on Friday, Fujairah IFO380 dropped $2.00 to $607.50 pmt to continue the uncertain movements of last week. MGO made its first gain since last Monday and was up $1.00 to $1002.50 pmt.

Prices across the Americas were mostly falling today, but Houston was one of the exceptions with IFO380 gaining $2.50 to $579.00 pmt. In contrast LS380 made a relatively big jump down of 13.00 to $640.50 to narrow its premium to $61.50 pmt. MGO ended its run of seven consecutive market days of falling prices with a gain of $2.00 to $937.00 pmt.

Ship & Bunker News Team
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