Americas News
US Markets Quiet on Thanksgiving Holiday
With the U.S. observing the Thanksgiving public holiday North American bunker prices saw little activity on Thursday, while many ports in South America kept on a firming trend and made some small gains.
Houston IFO380 was steady at $610.00 per metric tonne (pmt) up $1.00 on the previous Thursday and $14.50 since November 8, 2012. Low sulfur 380 cSt product (LS380) moved up $0.50 to $711.50 pmt gaining $19.00 in two weeks and dropping $13.50 since October 22, 2012. MGO at the port moved up for a fourth consecutive day adding $2.00 to bring the price to $1022.00 for a week-on-week gain of $27.50 pmt.
New York IFO380 had no change at $628.50 pmt, also the same price as last Thursday but down $5.00 in the last month. LS380 moved up for the first time since November 16, 2012 and gained $6.50 to $696.50 pmt making the premium for the low sulfur grade $68.00 pmt. MGO in New York moved up for a fourth consecutive day rising $3.50 to $1051.00 pmt.
Los Angeles / Long Beach IFO380 gained $1.50 to $672.00 pmt falling $1.00 from last Thursday's price and down $3.00 over the past month. LS380 was up $2.50 to $759.00 pmt down $2.00 week-on-week, marginally widening today's premium for the Emissions Control Area (ECA) compliant fuel to $87.00 pmt.
New Orleans 380 cSt product climbed $0.50 to $617.50 for a weekly change of $3.00 and losing $12.00 over the past month. MGO in New Orleans was also up $0.50 moving the price to $1021.50 pmt and adding $16.50 to the November 8, 2012 price.
Vancouver IFO380 was steady at $651.50 pmt gaining $16.00 week-on-week and down $18.00 since October 22, 2012. MGO at the port was up $2.50 to $1100.50 pmt adding $17.50 to last Thursday's price.
