World News
Bunker Prices Gain Monday to Highest Levels Since May
Bunker prices were in a bullish mood Monday with price gains for all products seen in most ports, and IFO380 prices in key price indicator ports Singapore, Houston, Fujairah, and Rotterdam rising to their highest levels since the end of May.
Singapore IFO380 gained $6.50 to $637.00, the highest price seen since May 30, 2012, while MGO jumped $25.50 to $939.00 per metric tonne (pmt).
Hong Kong saw $3.00 added to its IFO380 price of $649.50, and $9.50 to the MGO price putting it at $933.00 pmt.
Rotterdam IFO380 gained $7.50 to make it the highest price since May 24, 2012 at $615.50 today, with a $5.00 gain for MGO putting it at $914.50 and a $14.50 gain for 1.00% maximum sulfur 380 cSt product (LS380) making it $673.00 pmt.
Fujairah saw its highest price for IFO380 since $655.50 on May 30, 2012, with a $9.00 gain Monday putting it at $649.50, while MGO gained $11.50 to push it back into four figures at $1009.00.
Houston's gain of $13.00 for IFO380 today made it the highest price since $628.50 on May 23, 2012 at $627.00, MGO added $12.50 to $967.50, and LS380 made a gain of $28.50 to $757.00 putting the premium for the ECA compliant fuel over its high sulfur equivalent at $130.00 pmt.
LA / Long Beach IFO380 was up $11.00 to $629, with LS380 gaining $12.00 to $879.00 pmt.
The WTI spot price continued Friday's gain adding $0.80 to close the day at $92.20 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 491.00 | 2.50 | 592.50 | 16.50 |
| Rotterdam | 445.00 | 13.00 | 593.50 | 11.00 |
| Houston | 443.50 | 6.50 | 601.50 | 5.50 |
| Fujairah | 487.00 | 10.50 | 711.00 | 12.00 |
| Global 20 Ports Average | 517.50 | 1.50 | 697.00 | 3.00 |
| Global 4 Ports Average | 466.50 | 3.50 | 624.50 | 0.00 |
| Global Average Bunker Price | 559.50 | 2.50 | 736.00 | 2.00 |
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