World News
Week Ends with Mixed Bunker Prices
Bunker price movements were mixed on Friday, with IFO380 at key indicator ports Singapore, Rotterdam, Fujairah, and Houston all seeing week-on-week losses of between $5.00 and $10.00 pmt.
Singapore IFO380 moved up $1.50 to $643.50 pmt (per metric tonne) making a week-on-week loss of $5.00, and MGO was down for a third consecutive day losing $2.50 to $968.00 pmt.
Hong Kong saw IFO380 slip $0.50 to $657.00 pmt, $5.00 lower than last Friday's price, while MGO fell $1.50 to $990.50 pmt.
Rotterdam IFO380 was up $1.00 to $621.50 pmt, $6.50 lower than last week's price. Low sulfur 380 cSt product (LS380) dropped $1.50 to $654.50 pmt, and MGO was steady at $991.00 pmt.
Fujairah 380 cSt product climbed $1.00 to $642.50 pmt down $9.00 week-on-week, while MGO moved down for a third consecutive day falling $0.50 to $1031.50 pmt.
Houston IFO380 fell for a fourth consecutive day dropping $1.00 to $626.00 making a $10.00 week-on-week loss, LS380 moved down $3.50 to $727.50 pmt, and MGO dropped $2.00 to $1051.00 pmt.
LA / Long Beach IFO380 slipped for a third consecutive day down $2.00 to $681.00, and LS380 dropped $43.00 to $754.00 to bring the premium for the low sulfur grade to $73.00 pmt.
The WTI spot price ended the week down $2.05 (-2.23%) to close at $90.05 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 493.50 | 8.50 | 606.00 | 11.00 |
| Rotterdam | 450.00 | 5.00 | 599.50 | 20.00 |
| Houston | 458.00 | 9.00 | 618.00 | 7.00 |
| Fujairah | 483.00 | 12.00 | 703.00 | 9.50 |
| Global 20 Ports Average | 521.00 | 3.50 | 705.50 | 5.00 |
| Global 4 Ports Average | 471.00 | 8.50 | 631.50 | 12.00 |
| Global Average Bunker Price | 564.00 | 6.50 | 741.50 | 6.00 |
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