World News
Daily Bunker Price Report, Friday April 19, 2013
Bunker prices ended the week firm in Europe and much of the Americas, while Ship & Bunker data showed the downward trend continued in much of Asia, albeit with generally small movements.
Singapore was one of the few ports in the region to make gains today, with IFO380 ending a run of six consecutive market days of falling prices with a gain of $5.00 to $601.00 per metric tonne (pmt), for a week-on-week change of $-20.00. Low sulfur 380 cSt product (LS380) was up $4.50 to $647.00, but big drops in the price on Monday and Tuesday mean the week-on-week change is $-39.50. MGO ended its run of lower prices for five consecutive market days to move up $5.50 to $854.00 pmt, but the price is still $38.00 than last Friday.
Rotterdam, like most of Europe today, registered a small gain in price for all products. IFO380 moved up $1.00 to $575.00 pmt, down $16.00 since last week, and LS380 was up $2.50 to $587.00, down $14.50 week-on-week. MGO made a gain of $3.00 to $824.50 pmt, ending a run of falling prices that goes back to April 4, 2013.
Fujairah IFO380 has made mixed movements this week, and today gained $5.00 to $609.50 pmt to make the week-on-week change $-14.50. MGO fell for a forth day, down $3.50 to $1001.50 pmt with the relatively small movements during the week making the change since last Friday $-6.50.
Firming prices across the Americas made the biggest movements in South America, with the Atlantic coast seeing some double-digit gains today.
Movements in North America were smaller, with Houston IFO380 gaining $1.00 to $576.50 pmt, ending a run of falling prices that began last Friday and making a change of $-27.00 in that time. LS380 was up $13.50 to $653.50, the first gain for the product since April 10, 2013, and MGO fell $3.50 to $935.00 pmt meaning the product has only seen one day of gains since April 4, 2013.
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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