Americas News
Americas Bunker Prices Begin to Soften
Bunker prices in the Americas began to soften today, with Ship & Bunker data showing prices for IFO380 product falling in Houston and Los Angeles / Long Beach, although a number of ports saw the product make a slight gain today. Venezuelan IFO180 fell $39.50 per metric tonne (pmt), the biggest drop in the region.
Houston IFO380 moved down for the first time since January 23, 2013 falling $1.50 to $647.50 pmt, $10.50 higher than this time last week, and up $10.00 month-on-month. Low sulfur 380 cSt product (LS380) was down $5.50 to $743.00 making the premium for the Emissions Control Area (ECA) compliant fuel $95.50 pmt. MGO moved up $6.00 to $1049.00 pmt, making a $25.00 week-on-week gain.
LA / Long Beach IFO380 was down for a second consecutive day $2.00 to $669.50 pmt, $6.50 higher than last Tuesday, and $19.50 higher than January 7, 2013. LS380 slipped $5.00 to $790.00 making the premium for the low sulfur grade $120.50 pmt. MGO in the port was up $19.50 to $1079.00 pmt, up $30.50 week-on-week.
New Orleans IFO380 climbed $0.50 to $653.50 pmt, $10.50 higher than last Tuesday, and up $8.50 since January 7, 2013. LS380 fell $5.50 to $748.00 making the premium for the low sulfur fuel $94.50 pmt. MGO in New Orleans rose $13.50 to $1049.50 pmt, an increase of $26.50 week-on-week.
Vancouver IFO380 was up for a seventh consecutive market day rising $2.50 to $655.00 pmt, $12.00 higher week-on-week, and up $19.00 since January 7, 2013. LS380 rose $2.50 to $895.50 making the premium for the low sulfur grade $240.50 pmt. MGO rose for a sixth consecutive day up $1.50 to $1103.00 pmt, $25.00 higher than last Tuesday.
