World News
Bunker Prices Moving Down on Monday
Global marine fuel prices were falling on Monday, with key indicator ports Singapore, Rotterdam, Fujairah, and Houston all seeing IFO380 prices move down between $5.50 and $14.50 pmt.
Singapore IFO380 moved down $10.50 to $639.00 per metric tonne (pmt), $15.00 lower than last Monday's price, and MGO lost $7.50 to bring the price to $954.50 pmt.
Hong Kong saw IFO380 fall $8.50 to $651.00 pmt, while MGO moved up for a second consecutive market day gaining $5.50 to $980.00 pmt.
Rotterdam IFO380 slipped $6.00 to $621.00, 1.00% maximum sulfur 380 cSt product (LS380) was down $9.00 to $663.50, and MGO climbed $1.50 to $974.00 pmt.
Fujairah 380 cSt product fell $14.50 to $635.00 pmt , while MGO moved up for a second consecutive market day gaining $3.50 to $1036.00 pmt.
Houston IFO380 lost $5.50 to $632.50, LS380 moved down $13.50 to $729.50 pmt, and MGO gained for a second consecutive market day adding $6.00 to bring the price to $1049.00 pmt.
LA / Long Beach IFO380 was up $3.00 to $665.50, while LS380 in the port climbed $5.00 to $789.00 making the premium for the low sulfur product $123.50 pmt.
The WTI spot price at the start of the week was down $0.55 to close at $89.33 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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