World News
Ship & Bunker Price Report, Monday Apr 1, 2013
Some of the world's major bunkering hubs recorded little change in the price of key grade IFO380 during March 2013, Ship & Bunker data has shown, but low sulfur 380 cSt product (LS380) started April priced lower in Singapore, Rotterdam, and Houston.
Singapore IFO380 started April at $635.00 per metric tonne (pmt), $4.50 higher than it was one month ago, but a linear regression of the prices showed a very slight downward trend for March. The grade managed a spread of $12.50 in that time. LS380 fell $33.00 during the month to start April at $696.00 pmt.
Rotterdam IFO380 started out April at exactly the same price it was on March 1, at $609.50 pmt, which was also the high for last month. A spread of $9.50 put the low for March at $600.00 pmt on March 22. LS380 made a change of $-11.50 for the month, gaining $11.00 last week from the month's low of $645.50 on March 25.
Fujairah IFO380 also made gains last week to rise from the month's low of $627.50 on March 22 to start April $5.00 higher month-on-month at $643.00 pmt.
Houston IFO380 had a run of four consecutive days of rising prices to start April at $622.00 pmt, $4.50 higher than it started the previous month, and with a spread of $10.50 in that time. LS380 fell $16.50 in March to start April at $692.00 pmt.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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