World News
Bunker Prices Fall Sharply on Monday
Bunker prices and crude both dropped sharply on Monday, with the price of IFO380 in key indicator ports falling back to the levels seen in mid last week.
Singapore IFO380 fell $16.50 to $619.00 ending seven consecutive market days of gains, and MGO dropped $11.50 to $904.50 per metric tonne (pmt).
Hong Kong saw IFO380 and MGO end eight consecutive market days of gains by dropping $10.00 to $639.00 and $2.00 to $921.00 pmt respectively.
In Rotterdam IFO380 and MGO ended six consecutive market days of gains with both falling $17.00 to $603.00 and $900.00 pmt respectively.
Fujairah 380 cSt product slipped $18.50 to $624.00 and ended seven consecutive market days of gains, while MGO moved down $1.50 to $1006.00 pmt.
Houston IFO380 moved down for the first time in six consecutive market days and dropped $8.00 to $615.00 pmt, while MGO ended nine consecutive market days of gains falling $5.50 to $964.50.
LA / Long Beach saw IFO380 lose $3.00 to put the price at $627.50 pmt on Monday.
WTI's spot price fell $3.53 (-3.86%) to close at $87.91 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 489.00 | 2.00 | 583.50 | 9.00 |
| Rotterdam | 439.00 | 6.00 | 587.50 | 6.00 |
| Houston | 437.50 | 6.00 | 597.00 | 4.50 |
| Fujairah | 478.00 | 9.00 | 703.50 | 7.50 |
| Global 20 Ports Average | 513.50 | 4.00 | 694.50 | 2.50 |
| Global 4 Ports Average | 461.00 | 5.50 | 618.00 | 6.50 |
| Global Average Bunker Price | 559.50 | 0.00 | 739.50 | 3.50 |
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