World News
Bunker Prices Soften as the Week ends
Friday June 8, 2012
Many ports saw a slight dip in prices for the end of the week following their mid week firming, Ship & Bunker price data has shown.
Singapore IFO380 was down $6.00 to $588.50, $1.00 down from Monday and $20.50 lower than this time last week.
Fujairah lost $16.00 from yesterday's $614.00, the high for the week, to end at the weeks lowest price of $598.00 and down $6.00 from Monday's $604.00.
Rotterdam's loss of $9.50 from yesterday's $576.00 ended 3 days of gains for IFO380 to finish at $566.50.
Houston's 3 days of gains were also ended with IFO380 down $10.50 to $578.50, $1.50 up from Monday.
Crude futures also finished the week down, with WTI trimming $0.72 to close the week at $84.10 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Houston | 468.00 | 2.50 | 619.50 | 4.50 |
| Singapore | 523.50 | 6.50 | 613.00 | 6.00 |
| Rotterdam | 472.50 | 2.50 | 630.50 | 4.50 |
| Fujairah | 520.00 | 13.00 | 724.00 | 10.50 |
| Global 20 Ports Average | 539.00 | 1.00 | 720.00 | 3.00 |
| Global 4 Ports Average | 496.00 | 3.00 | 647.00 | 1.50 |
| Global Average Bunker Price | 572.50 | 2.00 | 765.00 | 3.00 |
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