World News
Daily Bunker Price Report, Wednesday Feb 20, 2013
Global bunker prices continued to fall today, with Ship & Bunker data showing gains for IFO on North America's Pacific coast made it one of the few exceptions.
A $2.00 per metric tonne (pmt) gain for IFO in Bangkok was the only gain for the otherwise continued fall of bunker prices in East, and South East Asia.
Key port Singapore saw IFO380 fall $1.00 to $652.50 pmt, a fifth consecutive market day of negative movement and a week-on-week change of $-11.00. Low sulfur 380 cSt product (LS380) was down $8.50 to $743.50 making the premium for the Emissions Control Area (ECA) compliant fuel $91.00 pmt, while MGO ended three days of falling prices to remain steady at $993.00 pmt.
Prices were down across almost the whole of Europe, a $2.00 gain for IFO180 in Rotterdam one of the few gains for the day in the region. IFO380 at the port moved down $1.50 to $637.00 pmt for a week-on-week change of $-9.50. LS380 slipped $1.00 to $681.50 to put the premium for the low sulfur product at $44.50 pmt, and MGO was down $4.00 to $997.00 pmt, a change of just $-6.00 since last Wednesday.
In Fujairah IFO380 climbed $0.50 to $660.50 pmt, but was still down $-3.50 since this time last week, while MGO moved up $3.00 to $1012.50 pmt, a change of $+3.50 over the last week.
North America's Pacific Coast was one of the few areas that saw gains today, with LA / Long Beach IFO380 gaining $8.00 to $665.50 pmt, while LS380 was up $12.00 to $796.50 to widen the premium for the Emissions Control Area (ECA) compliant fuel to $131.00 pmt. MGO at the port was down $6.50 to $1121.50 pmt.
Houston IFO380 moved down $6.00 to $645.00 pmt, a week-on-week change of $11.00, and LS380 fell $4.00 to $741.50 making the premium for the low sulfur fuel $96.50 pmt. MGO was up $1.50 to $1065.00 pmt.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 4.50 | 602.50 | 2.50 |
| Rotterdam | 468.50 | 3.00 | 609.00 | 7.00 |
| Houston | 470.50 | 4.50 | 608.00 | 8.00 |
| Fujairah | 494.50 | 8.50 | 706.00 | 6.00 |
| Global 20 Ports Average | 528.00 | 4.00 | 703.00 | 3.00 |
| Global 4 Ports Average | 484.00 | 5.00 | 631.50 | 2.00 |
| Global Average Bunker Price | 567.50 | 2.50 | 750.00 | 5.50 |
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