World News
Week Ends with Falling Bunker Prices
Many ports saw a dip in bunker prices for the end of the week following recent strong gains, Ship & Bunker price data has shown.
Falling IFO prices in Asia ended six consecutive days of gains for IFO380 in Singapore and Hong Kong, prices fell $7.00 to $604.50 per metric tonne (pmt) and $5.50 to $622.00 respectively.
In Rotterdam IFO380 ended the week by falling $5.00 to $586.50, while MGO was down $2.00 putting the price at $884.50 pmt.
Fujairah saw IFO380 fall $6.50 to $608.50 and ended six consecutive days of gains, while MGO fell for the third consecutive day dropping $9.00 to $993.50 pmt.
Houston IFO380 and MGO ended seven consecutive days of gains, both falling $4.50 moving the price to $586.00 and $902.00 respectively.
LA / Long Beach 380 cSt product dropped $3.00 to $597.00, while MDO gained for the third consecutive day moving up $2.00 to $1049.00.
Crude ended with the WTI spot price week falling $2.77 (-3.18%) to close at $84.45 per barrel.
Key Bunker Prices More
| VLSFO | MGO | |||
|---|---|---|---|---|
| $/mt | +/- | $/mt | +/- | |
| Singapore | 504.50 | 2.50 | 620.00 | 3.00 |
| Rotterdam | 456.00 | 1.50 | 621.50 | 2.00 |
| Houston | 476.00 | 7.00 | 624.00 | 1.00 |
| Fujairah | 496.50 | 2.00 | 713.00 | 2.50 |
| Global 20 Ports Average | 526.50 | 0.50 | 712.00 | 0.50 |
| Global 4 Ports Average | 483.00 | 2.00 | 644.50 | 0.50 |
| Global Average Bunker Price | 570.50 | 1.50 | 751.00 | 1.00 |
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