World News
Daily Bunker Price Report, Monday April 29, 2013
Bunker prices have started the week on a firm note, Ship & Bunker data shows, as crude resumed its climb after a slight dip on Friday, WTI today closing up $1.50 per barrel at $94.50.
Singapore IFO380 moved up $6.00 to $616.00 per metric tonne (pmt) today for a week-on-week gain of $14.00, while an identical gain for Low sulfur 380 cSt product (LS380) to $650.50 kept the low sulfur premium at $34.50 pmt. MGO gained for a fourth consecutive market day, up $7.50 to $858.50 pmt, which was also the biggest single day gain made in that time.
In Europe, MGO movements were a little mixed, making a slight dip in St Petersburg and Poland while remaining steady in Rotterdam at $839.00 pmt. Rotterdam IFO380 rose $5.00 to $587.50 pmt, and LS380 climbed $6.50 to $601.00, breaking $600.00 pmt for the first time since April 12, 2013.
Fujairah IFO380 made it a fourth market day of gains by climbing $6.00 to $620.00 pmt, and MGO reversed Friday's gain by slipping $1.50 to $1007.00 pmt.
Prices across the Americas were mostly trending up, but North America's West Coast movements were mixed. After a week of strong gains last week, Los Angeles and Long Beach IFO380 was down $9.50 to $652.00 pmt
Houston IFO380 was up $8.00 to $589.50 pmt, the biggest single day movement since a drop of $10.00 on April 16, 2013. LS380 moved up $12.00 to $665.00 to widen the premium for the low sulfur fuel to $75.50 pmt, and MGO moved up $11.50 to $964.50 pmt for a week-on-week gain of $27.00.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 624.50 | 1.00 | 732.00 | 8.50 |
| Rotterdam | 571.00 | 3.00 | 758.00 | 16.50 |
| Houston | 591.50 | 4.00 | 760.00 | 5.50 |
| Fujairah | 629.00 | 0.50 | 877.50 | 3.00 |
| Global 20 Ports Average | 637.00 | 0.00 | 819.00 | 3.00 |
| Global 4 Ports Average | 604.00 | 0.00 | 782.00 | 5.50 |
| Global Average Bunker Price | 688.00 | 2.50 | 879.00 | 1.00 |
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