Wednesday Bunker Prices Move Down

by Ship & Bunker News Team
Wednesday October 17, 2012

Markets saw prices move down on Wednesday, with key indicator ports Singapore, Rotterdam, Fujairah, and Houston all seeing IFO380 make modest downward movements between $4.00 and $5.50 pmt.

Singapore IFO380 fell $4.50 to $643.50 per metric tonne (pmt) for a week-on-week loss of $1.00, and MGO dropped $7.00 to $971.00 pmt.

Hong Kong saw IFO380 slip $5.00 to $622.00, while MGO was down for a fourth consecutive market day losing $3.00 to bring the price to $993.00 pmt.

Rotterdam IFO380 dropped $5.00 to $622.00 pmt, low sulfur 380 cSt product (LS380) moved down $5.50 to $656.50, and MGO fell for a fourth consecutive day slipping $3.00 to $993.00 pmt.

Fujairah 380 cSt product lost $5.50 moving the price to $645.00 pmt, while MGO was down $1.50 to $1033.00 pmt.

Houston IFO380 fell for a second consecutive day dropping $4.00 to $632.00 pmt, LS380 slipped $4.50 to $733.50, and MGO was down $8.50 to $1057.00 pmt.

LA / Long Beach IFO380 ended five consecutive days of gains and moved down $7.00 to $688.50, and LS380 fell $12.00 to $804.50 bringing the premium for the low sulfur fuel to $116.00 pmt.

The WTI spot price edged up just $0.03 to close at $92.23 per barrel.

Ship & Bunker News Team
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