World News
Further Mixed Bunker Prices on Tuesday
Markets saw another day of mostly small, mixed price movements on Tuesday, and key indicator ports Singapore, Rotterdam, Fujairah, and Houston all saw IFO380 fall between $2.00 and $6.00 pmt.
Singapore IFO380 fell for a second consecutive day dropping $4.50 to $620.50, and MGO gained $1.00 to $940.00 pmt.
Hong Kong saw IFO380 move down for a tenth consecutive market day slipping $3.50 to $640.50 pmt, while MGO slipped $1.50 to $966.50 pmt.
Rotterdam IFO380 was down for a third consecutive market day falling $2.00 to $602.00, low sulfur 380 cSt product (LS380) dropped $5.50 to $636.50, and MGO was up $6.50 to $960.50 pmt.
Fujairah 380 cSt product continued down for a third consecutive day slipping $6.00 to $622.00 pmt, while MGO fell $5.50 to $1026.00 pmt.
Houston IFO380 dropped $2.50 to $614.00 pmt, LS380 was down $3.50 to $716.00, and MGO moved up for a second consecutive day gaining $3.50 to $1026.50 pmt.
LA / Long Beach IFO380 and LS380 were steady at $685.50 and $759.00 pmt respectively, meaning the premium for the low sulfur product remained at $73.50 pmt.
The WTI spot price moved up just $0.03 to close at $85.57 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 502.00 | 7.00 | 617.00 | 6.00 |
| Rotterdam | 455.00 | 8.00 | 619.50 | 4.00 |
| Houston | 467.00 | 4.50 | 625.00 | 2.50 |
| Fujairah | 495.00 | 6.00 | 712.50 | 1.50 |
| Global 20 Ports Average | 524.50 | 4.50 | 710.50 | 4.00 |
| Global 4 Ports Average | 479.50 | 6.50 | 643.50 | 3.50 |
| Global Average Bunker Price | 570.50 | 2.00 | 747.50 | 5.50 |
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