World News
Bunker Prices End Week with Gains in Europe and Asia
Key price indicator ports Rotterdam, Fujairah and Houston all showed week-on-week losses for IFO380, but many ports in Europe and Asia saw bunker prices rising while the Americas remained mixed.
Singapore IFO380 and MGO moved up for a second consecutive day, with IFO380 gaining $1.50 to $674.50 to end the week equal to last Friday's price, and MGO climbed $3.50 to $996.00 per metric tonne (pmt).
Hong Kong saw IFO380 up for the first time since August 23, 2012 climbing $6.50 to $690.50 making a week-on-week loss of $2.50 pmt, while MGO was up $3.50 to $1009.50 and level with last Friday's price.
Rotterdam IFO380 moved up for a second consecutive day rising $2.50 to $650.50 and making a week-on-week loss of $6.50, 1.00% maximum sulfur 380 cSt product (LS380) climbed $3.00 to $710.50 pmt, and MGO was up $5.00 to $980.50 pmt.
Fujairah 380 cSt product was steady at $685.50 pmt and down $3.00 on last Friday's price, while MGO moved down $2.50 to $1036.50 making a week-on-week loss of $0.50.
Houston IFO380 moved up $1.00 to $654.00 dropping $9.00 from last Friday's price, LS380 climbed $2.50 to $753.00 pmt, and MGO ended the week down $1.00 to $1043.00 pmt.
LA / Long Beach IFO380 gained for the first time since August 27, 2012 up $1.50 to $690.50 pmt making a week-on-week gain of $1.00, while LS380 climbed $2.00 to $961.00 bringing the premium for the grade to $270.50 pmt.
The WTI spot price ended the week climbing $1.85 (1.96%) to close at $96.47 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 0.00 | 609.00 | 3.00 |
| Rotterdam | 432.00 | 18.00 | 582.50 | 17.00 |
| Houston | 450.00 | 8.00 | 607.00 | 11.00 |
| Fujairah | 476.50 | 6.50 | 699.00 | 4.00 |
| Global 20 Ports Average | 516.00 | 5.00 | 700.00 | 5.50 |
| Global 4 Ports Average | 463.00 | 8.00 | 624.50 | 7.00 |
| Global Average Bunker Price | 562.00 | 2.00 | 738.00 | 3.50 |
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