World News
Daily Bunker Price Report, Tuesday May 7, 2013
Global bunker prices continued to rise on Tuesday, Ship & Bunker data showed, as crude corrected much of the gains made yesterday.
Singapore IFO380 rose for a third consecutive market day, up $3.00 to $622.00 per metric tonne (pmt), while low sulfur 380 cSt product (LS380) was steady at $658.50 pmt after a double-digit gain yesterday, narrowing the premium for the Emissions Control Area (ECA) compliant fuel to $36.50 pmt. MGO moved up $9.00 to $865.50 pmt, the same price as on April 16, 2013.
Rotterdam IFO380 continued its steady gains, moving up by the same amount as yesterday with a gain of $5.00 to $595.50 pmt. LS380 climbed $5.50 to $616.50 pmt, and MGO rose $5.00 to $840.50 pmt.
Fujairah IFO380 was up $1.50 to $631.50 pmt for a week-on-week gain of $9.50, and MGO at the port fell $2.00 to $1009.00 pmt.
Houston IFO380 was up $6.00 to $605.50 pmt, a third market day of gains and up $18.50 in that time. LS380 rose $3.00 to $662.00 making the premium for the low sulfur fuel $56.50 pmt, and MGO climbed $5.50 to $977.00 pmt, the highest price since April 12, 2013.
WTI closed down $0.54 at $95.62 per bbl, and Brent was down $1.06 to $104.40 per bbl.
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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