Americas News
Americas Markets Quiet as Holiday Approaches
As the Christmas holiday approached, bunker markets in the Americas were quiet. Ship & Bunker data showed ports in North America with, somewhat typical of late, small mixed movements.
Houston IFO380 was down for a second consecutive market day falling $1.00 to $614.00 per metric tonne (pmt). Low sulfur 380 cSt product (LS380) moved up $0.50 to $715.00 making the premium for the Emissions Control Area (ECA) compliant fuel $101.00 pmt. MGO moved down $0.50 to $1005.00 pmt.
LA / Long Beach IFO380 rose $2.50 to $631.50 pmt for a week-on-week change of just $-2.50 but a spread of $20.00 in that time. LS380 climbed $2.50 to $743.00 making the premium for the Emissions Control Area (ECA) compliant fuel $111.50 pmt today. MGO moved down $4.50 to $1022.50 pmt.
New York IFO380 moved down $2.50 to $612.50 pmt, up $5.50 on the week. LS380 moved up $1.00 to $663.00 making today's premium for the low sulfur product $50.50 pmt. MGO moved down $2.50 to $1026.00 pmt.
Vancouver IFO380 dropped $1.00 to $632.00 pmt ending five consecutive market days of rising prices for a week-on-week change of $+10.00. LS380 climbed $5.00 to $882.50 making the premium for the low sulfur product $250.50 pmt. MGO dropped $3.00 to $1072.50 pmt.
