Daily Bunker Price Report, Monday April 29, 2013

by Ship & Bunker News Team
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.

Ship & Bunker News Team
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