Small Movements for US Gulf and Caribbean Bunker Prices

Vancouver IFO380 moved down for the first time since January 11, 2013

Bunker prices in the Americas were fairly steady today, and the movements that were made tended to be small. Los Angeles / Long Beach and New Orleans IFO380 moved up for a second consecutive day, and Ship & Bunker data showed Houston saw a third day of increases for the grade. Markets in South America continued to remain mostly unchanged.

Houston IFO380 rose $0.50 to $629.00 per metric tonne (pmt), $4.00 higher compared to last Tuesday, and up $15.00 since December 24, 2012. Low sulfur 380 cSt product (LS380) remained at $726.50 making the premium for the Emissions Control Area (ECA) compliant fuel $97.50 pmt. MGO climbed $3.50 to $1012.00 pmt, down $0.50 week-on-week.

LA / Long Beach IFO380 rose $2.50 to $629.00 pmt, $12.50 lower week-on-week, and down $2.50 since this time last month. LS380 rose $0.50 to $763.00 making the premium for the low sulfur grade $134.00 pmt. MGO in the port was up $2.00 to $1031.00 pmt, $7.00 lower than last Tuesday.

New Orleans IFO380 climbed $2.50 to $639.00 pmt, up $3.00 week-on-week, and $13.50 higher than December 24, 2012. LS380 was down $3.00 to $732.50 making the premium for the low sulfur product $93.50 pmt. MGO in New Orleans dropped $2.50 to $1016.50 pmt, an increase of $6.00 since last Tuesday.

Vancouver IFO380 moved down for the first time since January 11, 2013 falling $2.00 to $636.50 pmt, up $1.50 week-on-week, and $4.50 higher than December 24, 2012. LS380 moved up $1.00 to $876.00 making the premium for the low sulfur fuel $239.50 pmt. MGO was down $6.00 to $1062.00 pmt, losing $10.50 week-on-week.