The Thanksgiving holiday meant another slow day for U.S. markets, while bunker prices in South America ended the week with further small gains.
Houston IFO380 was down $0.50 to $609.50 per metric tonne (pmt) ending the week up $2.00 on last Friday's price and down $12.50 from October 23, 2012. Low sulfur 380 cSt product (LS380) saw no change at $711.50 making the premium for the Emissions Control Area (ECA) compliant fuel $101.50 pmt. MGO at the port was also steady $1022.00 pmt up $29.50 week-on-week.
Los Angeles / Long Beach IFO380 remained unchanged at $672.00 pmt down $12.50 on last week's price and falling $4.50 over the past month. LS380 also saw no change at $759.00 making the premium for the low sulfur grade $88.00 pmt and up $8.00 over the past month.
New Orleans 380 cSt product dropped $0.50 to $617.00 pmt adding $3.00 to last Friday's price and moving down $14.00 since October 23, 2012. LS380 saw no change at $715.50 making the premium for the low sulfur fuel $98.50 pmt and moving up $6.00 week-on-week.
Rio de Janeiro IFO 380 continued up for a eighth consecutive market day gaining $3.50 to $609.50 pmt adding $17.00 to last Friday's price and down $17.00 over the past month. MGO at the port moved up $2.50 to $1005.00 pmt climbing $5.00 since last week and down $46.00 from October 23, 2012.
